Microlenders are nonprofit community organizations that make loans mostly to small businesses, which don’t have banking relationships or access to traditional credit.
Some microlenders work with entrepreneurs only after they have been turned down by traditional lenders. Some do not. Unlike banks, which make lending decisions based on strict financial criteria, microlenders take a more personal approach: getting to know the applicant and the business, evaluating the owner’s business idea and business proposal in depth.
There are two microlenders serving the Alleghany Highlands:
Total Action Against Poverty
Business Seed Capital, Inc
145 Campbell Avenue SW
Roanoke, VA 24011