The U.S. Small Business Administration (SBA) awarded a $229,634 Project Grant on July 1, 2024 to Common Capital, Inc., a Community Development Financial Institution (CDFI) and non-profit organization located in Springfield, MA. The grant funding will be used to provide microloans of $50,000 or less, as well as business training and technical assistance, to start-up, newly established, and growing small businesses in disadvantaged communities through the SBA's Microloan Program (CFDA 59.046)....
The Small Business Administration (SBA) Office of Capital Access awarded Common Capital, Inc., a non-profit Community Development Financial Institution (CDFI), a $413,997 Formula Grant under the Microloan Program (CFDA 59.046) to provide microloans of $50,000 or less and business training/technical assistance to start-up, newly established, and growing small businesses in Springfield, MA. Common Capital has received previous Microloan Program formula grants, including $225,876 in FY2022 and...
Common Capital, Inc. was awarded a $450,000 Project Grant from the Small Business Administration Office of Capital Access under the Microloan Program (CFDA 59.046) for the period of July 1, 2022 to June 30, 2023. The Microloan Program aims to assist women, low-income, and minority entrepreneurs as well as small business owners and individuals in underserved areas by providing access to credit and related services. Common Capital will utilize the funding to deliver microloans and technical...
The Small Business Administration awarded $191,164.33 under the Microloan Program (CFDA #59.046) to Southeast Community Capital Corporation for the period of July 1, 2021 through June 7, 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. As the sub-awardee, Southeast Community Capital will utilize the funding to provide microloans...
The Small Business Administration (SBA) awarded $280,847 to the North Central Massachusetts Development Corporation through the Microloan Program (CFDA #59.046) to provide microloans and business assistance to small businesses from July 1, 2021 to June 30, 2022. The Microloan Program aims to assist entrepreneurs, business owners, and individuals in underserved areas by providing direct loans and grants to eligible nonprofit microlenders. Through this Formula Grant, the North Central...
The Small Business Administration (SBA) Microloan Program awarded a $544,747 formula grant to the Center For Rural Affairs Community Capital, a non-profit organization and community development corporation. This grant, effective from July 1, 2023 to June 30, 2024, will enable the organization to provide microloans, business training, counseling, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, low-income, and minority entrepreneurs and...
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,...
The Small Business Administration (SBA) awarded $357,935 under the Microloan Program (CFDA #59.046) to Southeast Community Capital Corporation for the period of July 1, 2022 to June 30, 2023. Under this Formula Grant, Southeast Community Capital will provide microloans and business training/technical assistance to small businesses and entrepreneurs in economically disadvantaged areas through the SBA's Microloan Program. The Microloan Program aims to expand access to credit for small business...
The Small Business Administration (SBA) Office of Capital Access awarded a $705,800 Project Grant to the Small Business Assistance Corporation to provide training and technical assistance to current and prospective borrowers of the SBA Microloan Program from July 1, 2022 to June 30, 2023. The SBA Microloan Program, listed under the Catalog of Federal Domestic Assistance as CFDA #59.046, aims to assist entrepreneurs, business owners, and individuals who own small businesses or are attempting to...
The Small Business Administration (SBA) awarded Community Capital New York, Inc. $604,437 under the Microloan Program (CFDA #59.046) to provide microloans and business training/technical assistance to startup, newly established, and growing small businesses from July 2021 through September 2022. The Microloan Program aims to assist women, low-income, and minority entrepreneurs as well as small businesses in underserved areas through direct loans of $50,000 or less along with business-based...