Southwest initiative foundation, MN 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
- SBAHQ21Y0084
- Recipient
-
Southwest Initiative Foundation UEI UHLCJGT4BZB5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $269,544
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Hutchinson, MN 55350, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $269,544 under the Microloan Program (CFDA #59.046) Formula Grant to Southwest Initiative Foundation in Hutchinson, Minnesota. The grant funding will support Southwest Initiative Foundation's provision of microloans and business training/technical assistance services to start-up, newly established, and growing small businesses from July 1, 2021 to June 30, 2022. As the SBA's Microloan Program aims to assist women, low-income, and minority entrepreneurs as well as small businesses in underserved areas lacking access to credit, Southwest Initiative Foundation will use the federal grant funds to deliver micro-level loans ($100,000 or less) and accompanying business development services to these target populations within its local community.
Description
Southwest initiative foundation, MN 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 SBAHQ21Y0084?
SBAHQ21Y0084 was awarded to Southwest Initiative Foundation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0084 worth?
$269,544 has been obligated on SBAHQ21Y0084.
Which agency awarded SBAHQ21Y0084?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0084, with funding from Office of Capital Access (Small Business Administration).
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