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
- SBAHQ22Y0052
- Recipient
-
Montana Community Development Corp UEI CDKZGSXCXPZ4
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,185,606
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding
-
- $592,803.00 Federal
- $592,803.00 Non-federal
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Missoula, MT, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $1,185,606 Formula Grant to the Montana Community Development Corporation (MCDC), doing business as Mofi, under the Microloan Program (CFDA #59.046). The grant provides direct loans and business training/technical assistance to start-ups, new, and growing small businesses through MCDC's microlending activities from July 1, 2022 to June 30, 2023. As the SBA's Microloan Program aims to assist women, low-income, and minority entrepreneurs in underserved areas lacking access to credit, this award will allow MCDC to deliver microloans of $50k or less combined with business support services to strengthen local entrepreneurship and small businesses in Missoula, Montana.
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 SBAHQ22Y0052?
SBAHQ22Y0052 was awarded to Montana Community Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0052 worth?
$1,185,606 has been obligated on SBAHQ22Y0052: $592,803 in federal funding and $592,803 in non-federal funding.
Which agency awarded SBAHQ22Y0052?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0052, with funding from Office of Capital Access (Small Business Administration).
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