"Mayor Thomas M. Menino of Boston, as part of an effort to spur business growth, will announce today a partnership with a nonprofit group in Charlestown that offers "microloans'' of $500 to $50,000 to small companies unable to borrow from large banks.

The nonprofit, ACCION USA, has made millions in bite-size loans over the past decade in Greater Boston, helping restaurants expand and corner shops stock up on supplies for a busy season. But many entrepreneurs who are having difficulty obtaining credit from large institutions are unaware of the microloan alternative..."

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