Life asset, INC., DC the small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ21Y0016
- Recipient
-
Life Asset, Inc. UEI N2DMZ185AJH7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $363,297
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Washington, DC, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded Life Asset, Inc. $363,297 under the Microloan Program (CFDA 59.046) Formula Grant for the period of July 1, 2021 through June 30, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance to start-ups, new, and growing small businesses. The funding will allow Life Asset, Inc. to deliver microloans and entrepreneurship support services to disadvantaged borrowers in Washington, D.C., thereby expanding access to credit and business development resources for women, low-income, and minority entrepreneurs.
Description
Life asset, INC., DC the small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training and technical assistance to start- up, newly established and growing small business concerns.
Quick answers
Who received award SBAHQ21Y0016?
SBAHQ21Y0016 was awarded to Life Asset, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0016 worth?
$363,297 has been obligated on SBAHQ21Y0016.
Which agency awarded SBAHQ21Y0016?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0016, with funding from Office of Capital Access (Small Business Administration).
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