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
- SBAHQ22Y0076
- Recipient
-
Metro Community Development Inc. UEI V6DNDG8F4ME4
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $356,904
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Flint, MI, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $356,904 under the Microloan Program (CFDA #59.046) to Metro Community Development Inc. in Flint, Michigan. This Formula Grant will support the provision of microloans and business training/technical assistance services to start-ups, new, and growing small businesses through June 30, 2023. The Microloan Program aims to assist women, low-income, and minority entrepreneurs and business owners in areas lacking access to credit. As the sub-awardee, Metro Community Development Inc. will utilize the funding to deliver micro-level loans and business-based training to qualified small businesses operating in the Flint area, in support of the Program's goal of expanding access to capital for underserved individuals seeking to start or grow small 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 SBAHQ22Y0076?
SBAHQ22Y0076 was awarded to Metro Community Development Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0076 worth?
$356,904 has been obligated on SBAHQ22Y0076.
Which agency awarded SBAHQ22Y0076?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0076, with funding from Office of Capital Access (Small Business Administration).
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