Northern great lakes initiatives, 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…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ21Y0060
- Recipient
-
Northern Great Lakes Initiatives UEI XKLQDKGBJY15
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $426,063
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Marquette, MI, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $426,063 under the Microloan Program (CFDA #59.046) to Northern Great Lakes Initiatives in Marquette, Michigan. This Formula Grant funding will support Northern Great Lakes Initiatives in providing microloans of $50k or less, as well as business training and technical assistance, to start-up, newly established, and growing small businesses through June 30, 2022. The Microloan Program aims to expand access to credit for entrepreneurs who lack access, including women, low-income, and minority business owners. Northern Great Lakes Initiatives will utilize this federal funding to deliver crucial financing and business development resources to underserved small businesses in their local area.
Description
Northern great lakes initiatives, 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 SBAHQ21Y0060?
SBAHQ21Y0060 was awarded to Northern Great Lakes Initiatives by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0060 worth?
$426,063 has been obligated on SBAHQ21Y0060.
Which agency awarded SBAHQ21Y0060?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0060, with funding from Office of Capital Access (Small Business Administration).
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