In May 2018, Rapoza Associates conducts a survey of SBA Microloan Intermediaries on behalf of the Friends Network, reaching out broadly to the microlender community. In total, 53 intermediaries answered the survey, providing data on their lending activity and experience. These organizations included both intermediaries that are relatively new to the SBA program, as well as those who have been a part of the program since its inception.
The SBA Microloan Program is the largest federal program exclusively targeted to supporting the credit needs of very small businesses and sole-proprietorships. Through a network of community-based, nonprofit Intermediaries, the SBA Microloan program provides small-dollar loans and technical assistance to small businesses that cannot secure credit from conventional lenders or other SBA guaranteed loans, including many women, low-income, veteran, and minority entrepreneurs.