The US Small Business Administration (SBA) makes microloans possible to startup and existing businesses in Monongalia County in WV (that includes Morgantown) and in Washington, Fayette, Greene and Westmoreland Counties in Pennsylvania. These are loans for amounts ranging from $1000 to $35,000.
This is a great way to help you get started buying equipment or inventory, for example.
First, you will have to apply. You can do this by contacting the Microloan Program Office in Washington, PA at phone 724-225-8223 or e-mailing wcced@pulsenet.com Ask for "the Microloan Application Package".
You will be asked to provide your tax returns, business plan and permission for them to run a credit check.
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