Formula Grant SBAHQ21Y0034

The Small Business Administration (SBA) has awarded a $152,624 Microloan Program (CFDA 59.046) project grant to Maryland Capital Enterprises, Inc., a non-profit community development corporation. This funding will enable Maryland Capital Enterprises to provide microloans up to $50,000 and accompanying technical assistance to support small businesses, particularly those owned by women, minorities, and low-income entrepreneurs in underserved communities in Maryland. The organization specializes in...

The Small Business Administration (SBA) Office of Capital Access awarded a $705,800 Project Grant to the Small Business Assistance Corporation to provide training and technical assistance to current and prospective borrowers of the SBA Microloan Program from July 1, 2022 to June 30, 2023. The SBA Microloan Program, listed under the Catalog of Federal Domestic Assistance as CFDA #59.046, aims to assist entrepreneurs, business owners, and individuals who own small businesses or are attempting to...

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) provided a $654,050 Project Grant award to CDC Small Business Finance Corp. (CDC SBF), a non-profit community development financial institution, under the SBA Microloan Program (CFDA #59.046). Through this grant, CDC SBF will offer microloans of up to $50,000 and provide business training and technical assistance to startup, newly established, and growing small businesses, particularly those in underserved communities lacking access to capital. As a top...

The Small Business Administration (SBA) Microloan Program (CFDA #59.046) has awarded a $222,194 Formula Grant to Maryland Capital Enterprises, Inc., a non-profit community development corporation. This grant funding will enable Maryland Capital Enterprises to provide direct microloans, business training, and technical assistance to start-up, newly established, and growing small businesses in Maryland over a one-year period from July 1, 2023 to June 30, 2024. As an SBA Microloan Program...

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 $128,641 Formula Grant to the African Development Center, a nonprofit organization that serves underserved entrepreneurs and small businesses in Minnesota, particularly African immigrant and refugee communities. This funding supports the African Development Center's provision of microloans, business training, and technical assistance to start-up, newly established, and growing small business concerns. Specifically, the grant...

The Small Business Administration (SBA) awarded a $204,317 Microloan Program Formula Grant to Maryland Capital Enterprises, Inc. for the period of July 1, 2022 to June 30, 2023. Under the SBA's Microloan Program (CFDA #59.046), the awardee will provide microloans and business training/technical assistance services to start-ups, new, and growing small businesses to assist underserved entrepreneurs and address credit needs in their service area. As a microlender, Maryland Capital Enterprises...

The Small Business Administration (SBA) awarded $328,353.88 through its Microloan Program to Southeast Kentucky Economic Development for the period of July 1, 2021 to 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 businesses and growing small concerns. Specifically, Southeast Kentucky Economic Development will utilize the funding to provide...

The U.S. Small Business Administration (SBA) awarded a $111,660 Project Grant under the Microloan Program (CFDA 59.046) to Community Development Resources, a non-profit community development corporation, for the period of July 1, 2024 to June 30, 2025. This grant enables Community Development Resources to provide microloans up to $50,000 and accompanying technical assistance to women, low-income, and minority entrepreneurs as well as small businesses lacking access to credit in its local...