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…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ21Y0143
- Recipient
-
The Northwest Minnesota Foundation UEI TMQSDZY51VY3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $209,786
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Bemidji, MN 56601, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $209,786 under the Microloan Program (CFDA #59.046) to the Northwest Minnesota Foundation for the period of July 1, 2021 to 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-ups, new, and growing small businesses. As the SBA sub-awardee, the Foundation will utilize the funding to provide microloans and business support services to local entrepreneurs and business owners in underserved areas, with a focus on women, low-income individuals, and minorities as intended under the Microloan Program.
Description
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 SBAHQ21Y0143?
SBAHQ21Y0143 was awarded to The Northwest Minnesota Foundation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0143 worth?
$209,786 has been obligated on SBAHQ21Y0143.
Which agency awarded SBAHQ21Y0143?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0143, with funding from Office of Capital Access (Small Business Administration).
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