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
- SBAHQ23Y0002
- Recipient
-
Fresno Community Development Financial Institution UEI XMJVVGSVLFP7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $226,274
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Fresno, CA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration awarded a $226,274 Formula Grant under the Microloan Program (CFDA 59.046) to Fresno Community Development Financial Institution, doing business as Access Plus Capital, for the period of July 1, 2023 through June 30, 2024. Access Plus Capital will utilize the funding to provide microloans of $100,000 or less and business-based training and technical assistance services to start-up, newly established, and growing small businesses in Fresno, California. As a mission-driven lender, Access Plus Capital focuses on underserved communities and entrepreneurs who lack access to traditional financing. Through this award and previous subawards, Access Plus Capital has successfully delivered affordable loans and support services that have helped small businesses in rural and opportunity zones.
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 SBAHQ23Y0002?
SBAHQ23Y0002 was awarded to Fresno Community Development Financial Institution by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0002 worth?
$226,274 has been obligated on SBAHQ23Y0002.
Which agency awarded SBAHQ23Y0002?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0002, with funding from Office of Capital Access (Small Business Administration).
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