5 Best Micro Lending Companies in California, United States

Micro lending is a form of lending that is typically characterized by small loan amounts and short repayment terms. There are several micro lending companies in California, United States that offer financing to small businesses and entrepreneurs. 

These companies provide loans that can be used for a variety of purposes, including working capital, equipment financing, and more. 

If you are looking for financing for your small business or startup, then you should consider working with a micro lending company. Scroll down to get an overview of five of the top micro lending companies in California, United States.

1. Opportunity Fund

It is one of the most popular micro lending companies in California, United States that provides small business loans to entrepreneurs in California, as well as in other states. It started officially in 1994 and has provided over $1 billion in loans to small businesses.

You can take a loan from this company ranging from $2,600 to $250,000 and has a repayment schedule of up to five years. 

2. Kiva US

Kiva US is another popular company that offers microloans to entrepreneurs in California. Kiva originated in 2005 and has provided over $1.5 billion in loans to small businesses.

Kiva US offers loans ranging from $1,000 to $15,000 and has a repayment schedule of up to three years.

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3. LiftFund

LiftFund is a widespread micro lending company in California that provide small business loans to entrepreneurs in California, as well as in other states. LiftFund offers mutual funds ranging from $500 to $250,000 and has a repayment schedule of up to five years.

The organization also provides business training and consulting services to help small business owners succeed.

4. Accion

You can consider Accion as one of the best micro lending companies in California, United States that provide small business loans to entrepreneurs in California, as well as in other states. It originated in 1991 and has since provided over $1.6 billion in loans to small businesses.

In addition, it offers loans ranging from $500 to $250,000 and has a flexible repayment schedule of up to five years. The organization also provides business training and consulting services to help small business owners succeed.

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5. California Coastal Rural Development Corporation (Cal Coastal)

Cal Coastal is a non-profit organization that provides small business loans to entrepreneurs in rural California. It is one of the oldest micro lending companies in California, United States began in 1978 and has provided over $45 million in loans to small businesses.

Cal Coastal offers loans ranging from $5,000 to $250,000 and has a repayment schedule of up to ten years.

Conclusion

In short, micro lending is an important tool for economic development and can provide valuable resources for entrepreneurs and small business owners.

By choosing any of the above micro lending companies in California, United States, you can access the capital and resources you need to start or grow your business and achieve your goals.

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