Some work from their homes, others from an office or place of business. Some work alone, others have grown to the point of hiring an employee or two. Member-owned business success leads to greater economic growth, employment and community revitalization. In the end, micro lending helps everyone. Individuals must join a Business Loan Group of 6 to 10 other business owners.
Members apply directly to their group for loans.
The group reviews the loan applications and decides which to approve. All group members must be current on their loan payments before any group member may apply for another loan. Group members meet regularly to provide mutual support, exchange ideas and learn business skills. The Business Loan Group thus plays a key role, serving as both loan committee and support group for its members. Micro Business USA is supported by national and local foundations, banks, corporations and our members.