Neighborhood self-sufficiency initiative, in 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
- SBAHQ21Y0135
- Recipient
-
Neighborhood Self-Employment Initiative, Inc. UEI L989G7DG8C25
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $152,888
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Indianapolis, IN, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) Office of Capital Access awarded a $152,887.93 Formula Grant to Neighborhood Self-Employment Initiative, Inc. doing business as Business Initiative Of Indiana under the Microloan Program (CFDA #59.046). The grant provides direct loans and business training/technical assistance through June 2022 to support micro-level lending and self-sufficiency initiatives for start-ups, newly established and growing small businesses in Indianapolis owned by women, low-income individuals and minorities. As a microlender under the SBA Microloan Program, Business Initiative Of Indiana will utilize the federal funding to deliver microloans of under $50k on average along with business development services to strengthen entrepreneurship and address lack of access to credit in underserved communities in the Indianapolis area.
Description
Neighborhood self-sufficiency initiative, in 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 | -$55,342 | |
| Original award | $208,230 |
Quick answers
Who received award SBAHQ21Y0135?
SBAHQ21Y0135 was awarded to Neighborhood Self-Employment Initiative, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0135 worth?
$152,888 has been obligated on SBAHQ21Y0135.
Which agency awarded SBAHQ21Y0135?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0135, with funding from Office of Capital Access (Small Business Administration).
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