Microloans for Small Businesses

Applying for large loans can be overwhelming, so StreetShares created more flexible options for financing through our small business microloan program.

What is microlending & who is it for?

So, what is microlending? Microloans (also known as microcredits, or microlending) are one-time, short-term business loans with amounts and interest rates that are relatively low, as compared to more traditional long-term loans. Microloans are a great choice for newer small businesses with limited revenue history and low capital requirements, who would likely be turned down for a traditional bank loan. In many circumstances, micro short term loans are prioritized for minority business owners, female business owners, and business owners in underdeveloped communities.

What are the benefits of a microloan?

Microloans are an excellent option for newer small businesses who only need a relatively small amount of money. They’re more accessible to businesses with little (or no) revenue or credit history than a more traditional bank or SBA loan. Some microlenders also offer support in the way of business development resources to help you get your business off the ground and continue to grow.

How do I apply for a microloan?

To apply for microlending, you will have to prove your ability to pay back the loan with documentation such as bank statements and tax documents. Your credit score will also often be taken into consideration. And, given that your business may not have much cash flow or revenue history, some microlenders may also ask for a robust business plan to prove that you have an actionable plan for the money.

When do I need an unsecured micro business loan?

The best time to get a microloan for your small business is before it needs it. That way, you’ll be able to do your research, make a funding decision confidently, and get the best microloan rate available.

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Other Small Business Loans Available

Unsecured Business Loans

StreetShares provides the best options for getting the cash you need when you need it most through our collateral-free lending options.

Business Lines of Credit »

Short-term Business Loans »

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Working Capital Loans »


Secured Business Loans

StreetShares’ simple collateral-backed funding solutions enable small and medium size companies to secure funding quickly and easily.

Merchant Cash Advance »

Invoice Factoring »

Equipment Financing »

SBA Loan »


Veteran Business Loans

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