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What is a microenterprise?
It is any business that can be started for less than $35,000, has fewer than five employees and has an annual revenue of less than $100,000.
What kind of businesses are eligible for microenterprise loans?
Traditional businesses such as: beauty parlors, bakeries, repair shops, childcare facilities, and arts and craft sellers.
Nontraditional businesses such as: massage therapists, event planners, soap manufacturers and acupuncturists.
If you want to start and run your business out of your home? You can. If you're ready to move out of basement and into your own building? Microenterprise can help.
Where can you Find a Microenterprise Development Program in Your Community?
*Check out local nonprofit organizations such as United Way, local community colleges or Small Business Development Center *Talk to a SCORE Counselor *Visit your local Chamber of Commerce *Contact your local women’s organization or other small business group *Visit http://www.microenterprisesuccess.com for free resources, information and helpful articles
So...start small, but dream big!
Cheryl Antier is the President and CEO of Dream Weaver Enterprises, a business and fundraising consultancy firm that helps small business owners and nonprofit organizations “weave their dreams into reality” by helping them find the funding they need. Microenterprise can help small business owners get the start-up capital, training and technical assistance to start, build and grow their business. http://www.microenterprisesuccess.com