Sabre finance DBA venture south, AL 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
- SBAHQ21Y0072
- Recipient
-
Sabre Finance UEI PUXFD7XK1MU3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $613,555
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Birmingham, AL, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $613,555 under the Microloan Program (CFDA #59.046) to Sabre Finance dba Venturesouth for the period of July 1, 2021 to June 30, 2022.
Under this Formula Grant, Sabre Finance will provide microloans and business training/technical assistance services to start-up, newly established, and growing small businesses in Birmingham, Alabama. The Microloan Program aims to assist entrepreneurs who face barriers to accessing credit, including women, low-income individuals, and minorities. Sabre Finance will use the $613,555 in federal funding to issue microloans of $100,000 or less to local small businesses and offer accompanying business-based training and technical support services to promote entrepreneurship and small business growth in underserved areas.
Description
Sabre finance DBA venture south, AL 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 SBAHQ21Y0072?
SBAHQ21Y0072 was awarded to Sabre Finance by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0072 worth?
$613,555 has been obligated on SBAHQ21Y0072.
Which agency awarded SBAHQ21Y0072?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0072, with funding from Office of Capital Access (Small Business Administration).
On GovTribe
See this award's full record
- Every transaction and subaward
- The recipient's other awards and teaming partners
- Similar grant awards
- Ask GovTribe AI about this award