Please respond thoughfully to both posts with what you like and agree with, thank you!

#$1$: The Small Business Association offers a micro loan program for small business owners who want to grow their business. It is designed to help owners who can't qualify for other business loans. The SBA micro loan program is available at intermediary lenders who are usually locally based and non$-$profit organizations. The maximum amount this loan can provide is $$50,000,$ with the average being $$15,799$ as of $2023.$ Individual requirements and eligibility for this type of loan are determined by the intermediary lenders but are usually more flexible than regular loans. Some things they may consider are credit scores, time in business and location, and personal and business finances. Some lenders may even ask for collateral. The lender is also responsible for processing, distributing, and managing the loan amounts, rates, fees, and repayment terms. The maximum repayment term allowed is $7$ years. This loan cannot be used to pay off any existing debt or buy real estate.

#$2$: A microloan is a small loan up to $$50,000$ that can help small business and certain non$-$profit child care centers to expand. SBA provides funds to specially designated intermediary lenders. These lenders are nonprofit, community$-$based organizations with a background in lending, who decide and administer the microloan program. The interest rates, repayment terms, and credit requirements depend on the individual intermediary lenders. The average interest rates range from $8\%-13\%$ and the repayment terms are a maximum of $6$ years. Microloans can be used for buying equipment, supplies, furniture, inventory, fixtures, and etc. Microloans can not be used to purchase real estate or pay back debt.