### Question
What is the definition of microloan?


### Answer
The definition of **microloan** is as follows in *15 U.S.C. § 636*:

> a short-term, fixed rate loan of not more than $25,000, made by an intermediary to a startup, newly established, or growing small business concern

#### Citation:
  - *15 U.S.C. § 636*
  - Heading: **CHAPTER 14A-AID TO SMALL BUSINESS**

