Peoplefund, TX 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…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ21Y0061
- Recipient
-
Peoplefund UEI MJ6LY78SHJR8
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,070,000
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Austin, TX, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $1.07 million Formula Grant to Peoplefund of Austin, Texas under the Microloan Program (CFDA #59.046) for 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. Specifically, Peoplefund will utilize this funding to provide microloans and business support services to women, low-income, and minority entrepreneurs and business owners in areas lacking access to credit, in accordance with the Program's goal of assisting such individuals in operating successful small business concerns.
Description
Peoplefund, TX 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 SBAHQ21Y0061?
SBAHQ21Y0061 was awarded to Peoplefund by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0061 worth?
$1,070,000 has been obligated on SBAHQ21Y0061.
Which agency awarded SBAHQ21Y0061?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0061, with funding from Office of Capital Access (Small Business Administration).
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