Forge-financing ozarks rural growth and EC, AR 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
- SBAHQ21Y0108
- Recipient
-
Forge Financing Ozark Rural Growth And Economy UEI Z42LTT1GB8R1
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $816,360
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Originally
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Huntsville, AR 72740, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration awarded a $816,359.97 Formula Grant to Forge under the Microloan Program (CFDA #59.046) to provide microloans and business assistance services to entrepreneurs and small business owners in Huntsville, Arkansas. As a microlender under the SBA Microloan Program, Forge will use the grant funding to offer direct loans of $50,000 or less to eligible startup, newly established, and growing small businesses. In addition, Forge will provide business training and technical assistance services to help recipients develop successful business operations and expand access to credit in underserved areas. The grant period runs from July 1, 2021 through March 7, 2023.
Description
Forge-financing ozarks rural growth and EC, AR 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 | -$127,715 | |
| Original award | $944,075 |
Quick answers
Who received award SBAHQ21Y0108?
SBAHQ21Y0108 was awarded to Forge Financing Ozark Rural Growth And Economy by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0108 worth?
$816,360 has been obligated on SBAHQ21Y0108.
Which agency awarded SBAHQ21Y0108?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0108, with funding from Office of Capital Access (Small Business Administration).
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