People incorporated of virginia, VA 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
- SBAHQ21Y0139
- Recipient
-
People Incorporated Of Virginia UEI W3YDLBPBALF7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $435,282
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Abingdon, VA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $435,281.90 under the Microloan Program (CFDA #59.046) to People Incorporated of Virginia for the period of July 1, 2021 through June 30, 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-up, newly established and growing small businesses. As the sub-awardee, People Incorporated of Virginia will utilize the funding to provide microloans and business support services to entrepreneurs and business owners in Abingdon, Virginia who face barriers to accessing credit, helping underserved individuals start and expand small businesses in the area.
Description
People incorporated of virginia, VA 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 | -$116,652 | |
| Original award | $551,934 |
Quick answers
Who received award SBAHQ21Y0139?
SBAHQ21Y0139 was awarded to People Incorporated Of Virginia by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0139 worth?
$435,282 has been obligated on SBAHQ21Y0139.
Which agency awarded SBAHQ21Y0139?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0139, with funding from Office of Capital Access (Small Business Administration).
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