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
- Award ID
- SBAHQ22Y0069
- Recipient
-
Communityworks UEI RMNEELVP4MM5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $531,128
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Greenville, SC, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) Microloan Program provided $531,128 in Formula Grant funding to Communityworks of Greenville, South Carolina from July 1, 2022 to June 30, 2023. The SBA Microloan Program, authorized under the Microloan Program (CFDA #59.046), aims to assist entrepreneurs and business owners in areas lacking access to credit by offering micro-level loans and business training. As a sub-awardee, Communityworks will utilize the funding to provide microloans of $50,000 or less to local small businesses, along with business counseling and technical assistance services, to support start-up and growth-stage companies in and around Greenville, particularly those owned by women, minorities, or low-income individuals.
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 SBAHQ22Y0069?
SBAHQ22Y0069 was awarded to Communityworks by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0069 worth?
$531,128 has been obligated on SBAHQ22Y0069.
Which agency awarded SBAHQ22Y0069?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0069, with funding from Office of Capital Access (Small Business Administration).
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