GNBDC/SBA Microloan Program
GNBDC became an SBA intermediary for the Microloan Program in September 1993. Under the Microloan Program, GNBDC provides financial assistance to start-up and existing small business owners to start or grow their business. The financial assistance is in the form of fixed term loans ranging from $1,000 up to a maximum of $35,000. The interest rate is fixed at either 400 basis points or 500 points above the prime lending rate. The maximum term is 6 years. It should be noted that these borrowers could not qualify under regular banking requirements.
**Please note: You must submit a $25 processing fee and a business plan to be considered for a loan. The following link will redirect you to our loan payment page:
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