Common capital, INC. MA 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…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ21Y0079
- Recipient
-
Common Capital, Inc. UEI NDSKH1JGTHV5 Part of Way Finders, Inc.
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $225,877
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Springfield, MA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $225,876.88 to Common Capital, Inc. through its Microloan Program (CFDA #59.046) for the period of July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, Common Capital will provide microloans of $50k or less as well as business training and technical assistance to start-up, newly established, and growing small businesses in Springfield, Massachusetts. The Microloan Program aims to assist entrepreneurs who face barriers to accessing credit, including women, low-income individuals, and minorities. Through this formula grant funding, Common Capital will support local small businesses in starting and expanding operations, helping address credit needs in the Springfield area.
Description
Common capital, INC. MA 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.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Amendment | -$60,439 | |
| Original award | $286,316 |
Quick answers
Who received award SBAHQ21Y0079?
SBAHQ21Y0079 was awarded to Common Capital, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0079 worth?
$225,877 has been obligated on SBAHQ21Y0079.
Which agency awarded SBAHQ21Y0079?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0079, with funding from Office of Capital Access (Small Business Administration).
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