Most people do not know that most every state has a microloan program that loans money to people who are looking for money for start up capital to start up a small business. The united states government allots millions of dollars each year to most of the 50 states for their microloan programs. You can apply for a microloan in your state by following the steps in this article.
Next, once the economic development representative determines if you qualify for the microloan program, he or she will send you a microloan application in the mail.
Next, you will be directed to someone who deals with your states microloan program. He or she will take down all of your information and determine if you qualify for the microloan program.
Next, once you receive the microloan application, fill out all of the necessary information and mail it back to the address that your economic development office informed you to mail it to.
The first step in applying for a microloan in your state is to contact your states local economic development office and ask to speak to a representative that deals with the microloan program.
Lastly, you will be contacted to let you know if you have been approved for your states microloan program. If so, your economic development office will give you further instructions on what to do next.
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