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
- SBAHQ21Y0145
- Recipient
-
Business Impact NW UEI JEEMY5V9N487
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $548,576
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Seattle, WA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $548,576 Formula Grant under the Microloan Program to the Seattle Economic Development Fund. The grant supports the SBA's Microloan Program (CFDA #59.046), which provides direct loans and grants to eligible non-profit microlenders. The microlenders then use these funds to provide micro-level loans of $50,000 or less, as well as business training and technical assistance, to support small businesses and entrepreneurs in starting, establishing, and growing their operations. Specifically, the Seattle Economic Development Fund will deliver microloans and business support services to small businesses and underserved individuals in Seattle, Washington from July 1, 2021 through June 30, 2022. This funding furthers the Microloan Program's goals of expanding access to credit for women, low-income, and minority business owners in areas lacking such resources.
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 SBAHQ21Y0145?
SBAHQ21Y0145 was awarded to Business Impact NW by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0145 worth?
$548,576 has been obligated on SBAHQ21Y0145.
Which agency awarded SBAHQ21Y0145?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0145, with funding from Office of Capital Access (Small Business Administration).
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