5 Best Micro Lending Companies in New York, United States

Microlending is one of the best options to get secure financing. However, if you want to grow your small business in New York, you can take a loan from these 5 best micro lending companies in New York, United States.

If you are a small business owner and have a bad credit score, you can still take microloans. There are many micro lending companies that offer microloans to business owners for startups mentioned below.

1. Accion

Accion is one of the most popular micro lending companies in New York, United States that provides small business loans to entrepreneurs in the New York City area.  Plus it offers loans ranging from $500 to $250,000 and has a flexible repayment schedule of up to five years.

However, it offers vast training sessions and personalized consulting services to help your business get success. Moreover, you can reinvent your business with these tips.

2. Kiva US

Kiva US is another micro lending company in New York that provides microloans to entrepreneurs around the world, including New York City. It is an old organization that was founded 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. However, you can start a corporate coaching business with this loan.

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3. Grameen America

Grameen America is another non-profit organization that provides small business loans to women entrepreneurs in the New York City area. Grameen America offers loans ranging from $2,000 to $100,000 and has a repayment schedule of up to five years.

4. Business Center for New Americans (BCNA)

BCNA is one of the huge micro lending companies in New York, United States that provides small business loans to immigrants and refugees in the New York City area. BCNA offers loans 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.

5. TruFund Financial Services

TruFund Financial Services is a non-profit micro-lending company that provides loans to small businesses and non-profits in New York City.

They offer loans up to $250,000 with interest rates starting at 5%. TruFund Financial Services also provides technical assistance to help businesses and non-profits succeed.

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Conclusion

Small business owners in New York City have several options when it comes to obtaining funding for their businesses. As a small business owner, you can expect high-quality service and take safe loans if your business remains unqualified to take traditional bank loans.

The top 5 micro lending companies in New York, United States that we have highlighted in this article are the best option if you are a small business owner in New York City looking for funding.

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