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…

Ended Formula Grant Awarded Last action

Award ID
SBAHQ21Y0051
Recipient
Awarding agency
Obligated
$214,347

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Minneapolis, MN, USA

Award details come from USAspending.gov.

About this award

The Small Business Administration (SBA) awarded $214,347 under the Microloan Program (CFDA #59.046) Formula Grant to Womenventure in Minneapolis, Minnesota 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, and growing small businesses. This particular award allows Womenventure to further the Program's goals of assisting women, low-income, and minority entrepreneurs and business owners in areas lacking access to credit.

Description

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 SBAHQ21Y0051?

SBAHQ21Y0051 was awarded to Womenventure by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.

How much is award SBAHQ21Y0051 worth?

$214,347 has been obligated on SBAHQ21Y0051.

Which agency awarded SBAHQ21Y0051?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0051, with funding from Office of Capital Access (Small Business Administration).

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