Formula Grant SBAHQ09Y0042

The Small Business Administration (SBA) Microloan Program (CFDA 59.046) awarded a $240,000 formula grant to the New Mexico Community Development Loan Fund (CDLF), doing business as The Loan Fund, a non-profit community development financial institution. This grant enables CDLF to provide micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns in underserved communities in New Mexico. The Microloan Program aims to assist...

The Small Business Administration Office of Capital Access awarded a $499,000 Project Grant to the Association For Enterprise Opportunity, Inc. under the Microloan Program (CFDA 59.046) to deliver a Micro Training Conference from March 1, 2023 through February 28, 2024. The Microloan Program aims to assist women, low-income, and minority entrepreneurs and small businesses in underserved areas lacking access to credit. Under this award, the Association For Enterprise Opportunity, Inc. will...

The Small Business Administration (SBA) Microloan Program awarded a $115,474 Formula Grant to Womenventure, a non-profit organization, for the period of July 1, 2023 to June 30, 2024. Womenventure, a certified Community Development Financial Institution, will use the grant funds to provide direct microloans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on women, low-income, and minority entrepreneurs and business...

The Small Business Administration (SBA) Microloan Program awarded a $199,984 Formula Grant to the Southern Minnesota Initiative Foundation (SMIF) for the period of July 1, 2023 to June 30, 2024. Under this grant, SMIF will provide direct micro-loans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on women, low-income, and minority entrepreneurs and business owners. The SBA Microloan Program (CFDA 59.046) aims to...

The Small Business Administration (SBA) Microloan Program awarded a $235,674 Formula Grant to First American Capital Corporation, Inc., a non-profit organization, for the period of July 1, 2023 to June 30, 2024. The Microloan Program (CFDA 59.046) provides direct loans and grants to eligible non-profit microlenders to support the provision of micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on...

Life Asset, Inc. received a $621,982 Microloans and Technical Assistance Project Grant from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA #59.046). The grant will provide microloans and technical assistance to women, low-income, and minority entrepreneurs as well as small businesses in underserved areas from July 1, 2022 to June 30, 2023. The Microloan Program aims to expand access to credit for these individuals and businesses through the...

The Latino Economic Development Corporation of Washington, D.C. (LEDC) received a $138,623 Project Grant award from the U.S. Small Business Administration (SBA) Microloan Program (CFDA 59.046) to provide microloans up to $50,000, primarily for working capital, inventory, supplies, furniture, fixtures, machinery, and equipment. In addition to the financial assistance, the grant funds technical assistance, business training, and entrepreneurial development services to help small businesses,...

The Small Business Administration (SBA) awarded a $1,030,849 Formula Grant to Mountain Bizcapital Inc. through the Microloan Program (CFDA #59.046) to provide microloans and business assistance services from July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, Mountain Bizcapital Inc. will utilize the funding to issue micro-level loans of $50,000 or less to small businesses and entrepreneurs, as well as offer business training and technical assistance to support their...

The Small Business Administration (SBA) Microloan Program awarded a $544,747 formula grant to the Center For Rural Affairs Community Capital, a non-profit organization and community development corporation. This grant, effective from July 1, 2023 to June 30, 2024, will enable the organization to provide microloans, business training, counseling, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, low-income, and minority entrepreneurs and...

The Small Business Administration (SBA) Microloan Program provided $531,128 in Formula Grant funding to Communityworks of Greenville, South Carolina from July 1, 2022 to June 30, 2023. The SBA Microloan Program, authorized under the Microloan Program (CFDA #59.046), aims to assist entrepreneurs and business owners in areas lacking access to credit by offering micro-level loans and business training. As a sub-awardee, Communityworks will utilize the funding to provide microloans of $50,000 or...