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Microloans

Up to $50,000 – Affordable financing for working capital, equipment, or debt refinancing

Microloans help small businesses that don’t qualify for traditional bank loans due to size, startup status, or credit history.

Loan Uses

  • Working Capital – Cover payroll, rent, and utilities.
  • Inventory – Purchase stock for peak seasons or bulk discounts.
  • Equipment – Upgrade or buy machinery and technology.
  • Expansion – Open new locations or grow operations.
  • Facility Improvements – Renovate or enhance business space.
  • Debt Refinancing – Consolidate high-interest debt.
  • Emergency Repairs – Fund urgent business repairs.

Loan Benefits

  • Blanket UCC – Any lien position accepted.
  • Interest Rate – Competitive.
  • Credit Score – 620+.
  • Ideal for building business credit.

Required Documents

  • Intake Form
  • Business Loan Application
  • Personal Financial Statement
  • YTD Financials or 2-Year Projections
  • Business Tax Returns (Last 2-3 Years, if applicable)
  • Personal Tax Returns (Last 2-3 Years)
  • Bank Statements (Last 2 Months, Personal & Business)
  • Employer Identification Number (EIN)

Apply Now

Ensure all documents are clear and up-to-date for a smooth review process.
Basic Information
Loan Amount
Business Information
Financial Information

FAQ

What is the Microloan Application Process?

The processing time for a microloan largely depends on the speed at which the applicant provides the necessary information. Note that applications inactive for over 30 days will be automatically canceled.

Step Description
Submit Application Application Submission: Complete and submit your loan application thoroughly to avoid any delays. Make sure all sections are accurately filled.
Loan Officer Follow-Up Initial Review: An Access Plus Capital loan officer will assess your application. They will contact you directly if any clarifications or additional details are required.
Pre-Approval Credit Evaluation: Once all information is confirmed as correct, a credit check will be performed. The application will either be pre-approved or denied based on the applicant’s credit history and the details provided. This includes an automated credit analysis that examines the entire submission.
Gather Documents Document Submission: If pre-approved, a list of required documents will be provided to you. You may submit these documents via email, fax, or secure upload (for confidential documents). The specific documents required will depend on the loan amount and your business's status, which may include pay stubs, tax returns, and bank statements.
Loan Decision Verification and Review: Your stated income and, if applicable, your business plan (for businesses less than two years old) are reviewed. A final loan decision is then made based on these evaluations.
Close Loan Finalization and Funding: All parties sign the closing documents, and the loan is funded. Loan repayments are typically made through automatic debits from a designated bank account.