{"ok":true,"canonical_url":"https://dealroom.so/glossary/microloan","api_url":"https://dealroom.so/api/public/glossary/microloan","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"microloan","term":"Microloan","group":"The loan itself","definition":"This is a small business loan, typically under $50,000, administered by the SBA through intermediary lenders. It’s generally not used for larger business acquisitions.","what_it_means":"While a Microloan might be relevant for very small startups or working capital needs, it’s generally too small for buying an existing business with an SBA 7(a) loan. If you're acquiring a business, you'll likely be pursuing a standard 7(a) loan, which has a higher maximum. Don't confuse it with the 7(a) Small Loan program.","url":"https://dealroom.so/glossary/microloan","official_sources":[{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"},{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"7a-loan","term":"7(a) loan","url":"https://dealroom.so/glossary/7a-loan"},{"slug":"7-a-small-loan","term":"7(a) Small Loan","url":"https://dealroom.so/glossary/7-a-small-loan"},{"slug":"sba-express","term":"SBA Express","url":"https://dealroom.so/glossary/sba-express"},{"slug":"working-capital","term":"Working capital","url":"https://dealroom.so/glossary/working-capital"}],"related_questions":[]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Microloan","url":"https://dealroom.so/glossary/microloan","source_type":"DealRoom Data"}}