Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.
Microlending, or microcredit, is a type of financing where small loans are given to individuals or businesses who typically lack access to traditional banking services. Microlending is often associated with entrepreneurs in developing countries, but it's also used in developed economies to support underserved communities or to fund small-scale projects.
Microlending can be a lifeline for people who might not meet the stringent requirements of conventional lenders. However, the interest rates for microloans can be higher than traditional loans due to the higher risk associated with lending to borrowers with little to no credit history. Despite this, microlending has been praised for its potential to stimulate entrepreneurship, alleviate poverty, and promote economic development.
Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.
We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at firstname.lastname@example.org.
Get the peace of mind that comes from partnering with our experienced finance team.