Unlike traditional bank loans, Globos microloans don’t require a minimum credit score, years of cash flow documents or collateral. But you do need to meet the following minimum criteria in order to be considered: 

• You and your business must be based in the United States.
• You must be over 18 years old.
• You must be using the loan for business purposes.
• Your business must not be engaged in any of the following activities: multi-level marketing / direct sales; illegal activities (e.g. gambling, scams); or pure financial investing (e.g. stocks)
• You cannot currently be in foreclosure, bankruptcy, or under any liens.
• You must be willing to learn about business management.

The application is all online, and takes between 30 minutes and an hour to complete. Once you complete the application, a member of the Globos Microloans team will reach out to you to better understand your business and ask any follow up questions. After reviewing the completed application, the Globos Microloans team will determine what loan amount you qualify for and notify you of next steps.

In the application, we’ll ask you for basic  information about you and your business, but we will not ask you to upload any financial documents.

We will ask you to prepare your public profile, which includes a photo of you and your business. We’ll also ask you for a few paragraphs on who you are, what your business does, and what you plan to use the loan for.

You have some control over how quickly you receive funding. Once your application is submitted, our team will get back to you with next steps within 10 - 15 business days. Submitting a great photo and business story will help your application make it through the review process more quickly.