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
- SBAHQ22Y0061
- Recipient
-
Access To Capital For Entrepreneurs, Inc. UEI NMEJME5ANRN4
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $3,245,724
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding
-
- $1,622,862.00 Federal
- $1,622,862.00 Non-federal
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Cleveland, GA 30528, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $3.2 million to Access To Capital For Entrepreneurs, Inc. through the Microloan Program (CFDA #59.046) for the period of July 1, 2022 to June 30, 2023. This Formula Grant provides direct loans and grants to the nonprofit microlender to offer microloans of under $100,000, business training, and technical assistance to start-ups, new, and growing small businesses in Cleveland, Georgia. The Microloan Program aims to help women, low-income, and minority entrepreneurs and business owners in underserved areas gain access to credit and support operations of successful small business concerns.
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 SBAHQ22Y0061?
SBAHQ22Y0061 was awarded to Access To Capital For Entrepreneurs, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0061 worth?
$3,245,724 has been obligated on SBAHQ22Y0061: $1,622,862 in federal funding and $1,622,862 in non-federal funding.
Which agency awarded SBAHQ22Y0061?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0061, with funding from Office of Capital Access (Small Business Administration).
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