Great lakes women's business council, MI the small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ21Y0019
- Recipient
-
Great Lakes Womens Business Council UEI D9HNRD2JJKD5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $471,301
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Livonia, MI, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $471,301 under the Microloan Program (CFDA #59.046) to the Great Lakes Women's Business Council (GLWBC) for the period of July 1, 2021 through June 30, 2022. This Formula Grant funding will enable GLWBC to provide microloans of under $100,000 and business training/technical assistance to startup, newly established, and growing small businesses, with a focus on assisting women, low-income, and minority entrepreneurs in the Livonia, Michigan area who lack access to credit. As an SBA Microloan intermediary, GLWBC will utilize this federal funding to extend small, short-term loans to local borrowers and offer business consulting designed to strengthen operations and support successful launch and expansion of small concerns.
Description
Great lakes women's business council, MI 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 SBAHQ21Y0019?
SBAHQ21Y0019 was awarded to Great Lakes Womens Business Council by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0019 worth?
$471,301 has been obligated on SBAHQ21Y0019.
Which agency awarded SBAHQ21Y0019?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0019, with funding from Office of Capital Access (Small Business Administration).
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