Microloans are New Alternatives for Small Business Loans
A trade association, AEO is a clearinghouse for more than 400 organizations who make "microloans," or loans valued less than $25,000. The average loan is about $12,000.
AEO requires its recipients to educate themselves on business practices in order to qualify for loans. While there are funding alternatives for the small business owner like the U.S. Small Business Administration, organizations like AEO have begun to form as alternatives to traditional sources.