Micro-loans and other funding options

Solopreneur Hub
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Hello,

I am interested in taking a micro-loan (5k-10k) to buy software and finance the development of a new product line and general business growth.

I saw that LHV bank has a micro-loan program. Does anyone have any experience with it? Do you have other options you would recommend?

Thanks!

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Hi Nikola, this is such a relevant topic - thanks for bringing it up :raised_hands: While I have no direct experience with micro-loans myself I passed your post by our Customer Success for a bit of insights. I was told that usually it’s quite difficult to get a business loan in the first operating years, but that you should consult with banks directly as every institution has their own policies.

Let’s hope someone in the community has more experience on this topic as I’m sure it’s something a lot of solopreneurs have considered or looked into at one point or another :crossed_fingers: