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
- SBAHQ22Y0053
- Recipient
-
Snap Financial Access UEI CN2SV2P5ZL82
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $198,874
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Spokane, WA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) Microloan Program awarded $198,874 to Snap Financial Access through the Microloan Program (CFDA #59.046) to provide microloans and business training/technical assistance to small businesses from July 1, 2022 to June 30, 2023. As the SBA's Microloan Program aims to assist entrepreneurs in areas lacking credit access, Snap Financial will use this Formula Grant funding to deliver microloans of $50k or less along with business development support services to start-ups, new, and growing small businesses located in Spokane, Washington. The award thereby helps increase access to capital and skills development resources for small scale entrepreneurs and business owners operating in economically disadvantaged areas.
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 SBAHQ22Y0053?
SBAHQ22Y0053 was awarded to Snap Financial Access by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0053 worth?
$198,874 has been obligated on SBAHQ22Y0053.
Which agency awarded SBAHQ22Y0053?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0053, with funding from Office of Capital Access (Small Business Administration).
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