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
- SBAHQ22Y0070
- Recipient
-
Justine Petersen Housing And Reinvestment Corporation UEI ZX8EE8M3P3W5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $2,237,557
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- St. Louis, MI, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration awarded a $2.24 million Formula Grant to Justine Petersen Housing And Reinvestment Corporation through the Microloan Program (CFDA #59.046) to provide microloans and business assistance services to small businesses from July 1, 2022 to June 30, 2023. As a microlender under the SBA Microloan Program, Justine Petersen Housing And Reinvestment Corporation will use the funding to issue micro-level loans of under $50k to start-up, newly established and growing small businesses located in St. Louis, Missouri. The organization will also offer business training and technical assistance services to support these small business owners. The Microloan Program aims to expand access to credit and build small business capacity in underserved communities through local microlending organizations.
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 SBAHQ22Y0070?
SBAHQ22Y0070 was awarded to Justine Petersen Housing And Reinvestment Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0070 worth?
$2,237,557 has been obligated on SBAHQ22Y0070.
Which agency awarded SBAHQ22Y0070?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0070, with funding from Office of Capital Access (Small Business Administration).
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