The Small Business Administration (SBA) awarded Community Teamwork, Inc. a $131,602 Formula Grant under the Microloan Program (CFDA #59.046) to provide microloans and business assistance services from July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, Community Teamwork will use the funding to offer micro-level loans of under $50,000 combined with business training and technical assistance to start-up, newly established, and growing small businesses in Lowell, Massachusetts. The Microloan Program aims to expand access to credit and support for women, low-income, and minority entrepreneurs and business owners in underserved areas through the activities of designated microlenders like Community Teamwork.
Generated 1/6/24, 5:03 PM