Smaller-size loans of up to $50,000 provided through APMC funding intermediaries.

The microloan program provides loans up to $50,000 to help small businesses and certain not-for-profit childcare centers start up and expand. The average microloan is about $13,000

 APMC provides funds to specially designated our lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries administer the Microloan program for eligible borrowers.

Each intermediary lender has its own lending and credit requirements. Generally, intermediaries require some type of collateral as well as the personal guarantee of the business owner.

Microloans  can  be used for a variety of purposes that  help small businesses expand. Use them when you need  less than $50,000 to  rebuild, re-open, repair, enhance, or improve your small business.

Examples include: 

• Working capital 
• Inventory 
• Supplies 
• Furniture 
• Fixtures 
• Machinery 
• Equipment 

Proceeds from an APMC microloan  cannot  be used to pay existing debts or to purchase real estate.

Microloans are available through certain nonprofit, community-based organizations that are experienced in lending and business management assistance. Individual requirements will vary.

To apply for a microloan, work with an APMC-lender. APMC-approved lenders make all credit decisions and set all terms for your microloan.

For help with your account balance, due date, or any other questions regarding the specifics of your loan, please contact the APMC lender directly, or contact the APMC loan servicing center listed on your account statement.