Micro Loans for Small Business
The Town of Skowhegan, Skowhegan Economic Development Corporation (SEDC), offers small business loans of $5,000.00 or less at low interest rates to Skowhegan businesses.
These funds can be used for the expansion or modernization of a new or existing business, they can be used for start-up capital for new businesses, and they can be used to finance either fixed assets, inventories, or other working capital.
Quick Check is the MicroLoan program for you if you:
- Need a maximum loan of $5000
- Are a small businesses
- Have a net worth less than $100,000
- Are a local Business