Metro community development, INC., MI 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
- SBAHQ21Y0080
- Recipient
-
Metro Community Development Inc. UEI V6DNDG8F4ME4
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $323,411
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Flint, MI, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $323,411 to Metro Community Development Inc. through the Microloan Program (CFDA #59.046) for the period of July 1, 2021 to June 30, 2022. This Formula Grant funding will support Metro Community Development Inc.'s provision of microloans and business training/technical assistance services to start-up, newly established, and growing small businesses in Flint, Michigan. The Microloan Program aims to assist women, low-income, and minority entrepreneurs and business owners in areas lacking access to credit. As the sub-awardee, Metro Community Development Inc. will utilize the SBA funding to provide micro-level loans of $50,000 or less to local small businesses, along with accompanying business-based training and technical assistance resources, to support entrepreneurship and small business growth in the Flint community.
Description
Metro community development, INC., MI 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 SBAHQ21Y0080?
SBAHQ21Y0080 was awarded to Metro Community Development Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0080 worth?
$323,411 has been obligated on SBAHQ21Y0080.
Which agency awarded SBAHQ21Y0080?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0080, with funding from Office of Capital Access (Small Business Administration).
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