microloan

[mahy-kroh-lohn]
noun
a very small, short-term loan at low interest, especially to a start-up company or self-employed person.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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No, microloan interest rates are not usually great, but that is the price you might have to pay.
The maximum term allowed for a microloan is six years.
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