Microloans are loans that are usually under $50,000. Microloans can usually be obtained with more ease and in less time than a traditional loan. The U.S. Small Business Administration has a microloan program that lists eligibility requirements as well as the repayment terms, interests rates, and fees. The SBA provides that:<\/p>\n
“Use of Microloans Proceeds Microloans can be used for:
\nWorking Capital
\nInventory or Supplies
\nFurniture or Fixtures
\nMachinery or Equipment<\/p>\n
Proceeds from an SBA microloan cannot be used to pay existing debts or to purchase real estate.”<\/p>\n
The microloan program operates with intermediary lenders being provided the money for microloans by the SBA, The intermediary lender decides the lending and credit requirements.<\/p>\n
If you are a member of Spiegel & Utrera, P.A.\u2019s <\/b>General Counsel Club<\/b><\/a> and have questions about microloans, call (800) 734-9900 or<\/b>clubassist@amerilawyer.com<\/b> for assistance. Remember, as a member of the \u00a0General Counsel Club, you receive unlimited legal, business, credit and tax advice all year long.<\/b><\/p>\n Spiegel & Utrera, P.A. is a corporate law firm with its main offices located in Miami, Florida with offices throughout the U<\/em>nited States. As a law firm, we do more than just help you form your business entity. We stand ready to help with the maintenance of your legal business entity! We\u00a0will assist you with\u00a0Incorporation Service<\/a>, Trademarks<\/a>, Copyrights<\/a>, Estate Planning<\/a>, Legal Counsel<\/a>, Wills<\/a>, Trusts<\/a>, Agreements & Leases<\/a>, Corporate & Company <\/a><\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":null,"protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,72,6,49,7],"tags":[],"class_list":["post-574","post","type-post","status-publish","format-standard","hentry","category-business","category-entrepreneur","category-legal-services","category-llc","category-taxes"],"_links":{"self":[{"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/posts\/574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/comments?post=574"}],"version-history":[{"count":1,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/posts\/574\/revisions"}],"predecessor-version":[{"id":25372,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/posts\/574\/revisions\/25372"}],"wp:attachment":[{"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/media?parent=574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/categories?post=574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/tags?post=574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}