[ Browse by Service Category : Business Development : Sub-Topics of Business Financing (7) ]
Microenterprise Financing
Programs that provide venture capital, loans, grants or other forms of financial support for individuals who want to establish or expand the operation of very small businesses known as microenterprises or microbusinesses. A microenterprise is a business, which may be located in an urban, suburban or rural setting, with five or fewer employees and capital needs of less than $25,000. Many start as home or yard-based businesses, have part-time operations, and may be created by nontraditional entrepreneurs such as women, minorities, low-income individuals, and dislocated or underemployed workers. Most provide an opportunity for low-income households to become more self-sufficient.
Small Business Financing
Programs that provide venture capital, loans or grants or other forms of financial support for individuals or groups who want to establish or expand the operation of a small business.
The above terms and definitions are part of the Taxonomy of Human Services, used here by permission of INFO LINE of Los Angeles.