REGARDING LOAN TYPES AND TERMS:

1. Do you provide non-business loans?
2. Do you give grants?
3. How long does the application process take?

REGARDING REQUIREMENTS:

4. What types of businesses are eligible to apply for a loan?
5. Can I qualify for a loan if I have bad credit?
6. Can I obtain a loan to buy a business?

REGARDING BUSINESS PLANS:

7. What is a business plan?
8. Do I need a business plan to apply for a loan?
9. Can Microloan.com  assist me in writing a business plan?

REGARDING LOAN TYPES AND TERMS:

1. Do you provide non-business loans?
Yes. Microloans.com partners offer a $500 - $750 Credit Builder loan that is designed to help build your credit score. This loan product is available exclusively to clients based in Florida, Georgia, Massachusetts, New York and Puerto Rico. Please call 1-866-245-0783 to apply and reference Microloans.com

2. Do you give grants? No


3. How long does the application process take?
Typically the process takes 2-3 weeks, providing the applicant has all the necessary documentation.

 
REGARDING REQUIREMENTS:  

4. What types of businesses are eligible to apply for a loan?
Microloans.com lending partners offer assistance to many different types of businesses. However, businesses that engage in weapons sales, real estate development, money lending or financing, multi-level marketing programs, illegal or polluting activities, or adult businesses are among those that are not eligible.

5. Can I qualify for a loan if I have bad credit?
Microloans.com lending partners require a minimum credit score of 575 on your FICO Report.

6. . Can I obtain a loan to buy a business?
Yes. Microloans.com classifies this as a new business. 

REGARDING BUSINESS PLANS:
 

7. What is a business plan?
A business plan is a written document that outlines the specifics of your enterprise. This includes information on the mission of your business, its products/services, the market that it serves, the competition, and the goals and obstacles that your business may face in the future.

 
8.Do I need a business plan to apply for a loan?
For new (or start-up) businesses a detailed business plan with cash flow projections that cover at least 12 months is strongly recommended to obtain a small business loan or startup loan.


9. Can Microloans.com assist me in writing a business plan?
For more information on writing a business plan, we highly Recommend using the Bplan software to write your business Plan.