Micro Loans

Date this page was last edited 01/24/2006

MICRO LOANS

Applicants* for MICRO-LOANS must be referred by the SIUE Small Business Development Centers (SBDCs) at East St. Louis and Southern Illinois University at Edwardsville:

Loan Limits:	$2,000 to $25,000
Interest Rate:	Floats at prime plus 3.5%
Term:	Up to three years, with authorization up to seven years.
Fees:	Borrower pays a $25 application fee with application submission and closing, legal, & out-of-pocket costs of loan.

* Note: Taverns and restaurants are ineligible for this program.

SWIDA has the Experience

and Resources to Make It Happen!

For more information contact - info@swida.org

Or call (618) 345-3400 today.