The SBA Microloan Program Startup Friendly is a business loan from SBA Microloan Program. The annual fee is $0. The ongoing APR is 8%-13%. Approval typically requires a credit score of 620 or higher. Rewards: Free business training and mentoring. Typical credit limit: $500 - $50,000. Loan terms: Maximum repayment term allowed for an SBA microloan is seven years. This product reports activity to your personal credit report. Average microloan ~$13,000. Through nonprofit intermediary lenders (mostly CDFIs). Max 6-year term, max $50,000. Great for startups and underserved communities. Includes business training. SBSS cutoff is typically lower than standard SBA 7(a) — many intermediaries accept SBSS around 140 and consider your full picture. | PG verification: While the SBA Microloan Program itself does not require a personal guarantee, many intermediary lenders may still ask for one.