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Microloans and Micro-Factoring

With roughly eighty percent (80%) of startup entrepreneurs experiencing turned down for traditional bank loans, the areas of small business microloans and micro-factoring could not be more important.

Micro-Lending

For a variety of reasons, most banks simply do not want to deal with business loans for less than $250,000 and this is where micro-lending steps in.  Microloans are business loans normally ranging from $1,000 to $50,000 although loans of up to $100,000 can be considered "micro".   According to the U.S. Small Business Administration, the average microloan is about $13,000.

Microloans cannot be used to purchase business real estate but can be used for a variety of other reasons including...Micrio-Factoring

Micro-Factoring

Though most traditional factors require a $25,000 minimum in invoice purchases each month to create a financing arrangement, micro-factors are different.  This group of small business capital providers will often accept as little as $5,000 per month in invoice financing each month making them a ready option for new entrepreneurs.  For small startups doing business with other businesses (B2B), micro-factoring is the most readily available method of solving problems associated with cash flow when customers require 30 days or more to pay for goods or services.

Find Out More

You can also find out more about micro lending and factoring and our many other financing solutions by simply downloading a copy of the informative booklet, "When Banks Say NO!...the Small Business Guide to Factoring."  Its FREE, from Chandler Financial ResourceDownload your copy now!