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
- SBAHQ23Y0014
- Recipient
-
Community Action Of Northeast Indiana Inc. UEI NN8CLFUP21H7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $126,435
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Fort Wayne, IN, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration awarded $126,435 under the Microloan Program (CFDA 59.046) to Community Action of Northeast Indiana Inc. doing business as Brightpoint for the period of July 1, 2023 through June 30, 2024. As a subrecipient of Microloan Program funding, Brightpoint will provide microloans and business training and technical assistance services to small businesses and entrepreneurs in northeast Indiana. The Microloan Program aims to expand access to credit for small businesses in underserved areas through the issuance of microloans of $50,000 or less by nonprofit intermediary lenders and the provision of entrepreneurial development assistance. Brightpoint will leverage this federal funding to support local small business growth and economic opportunity.
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 SBAHQ23Y0014?
SBAHQ23Y0014 was awarded to Community Action Of Northeast Indiana Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0014 worth?
$126,435 has been obligated on SBAHQ23Y0014.
Which agency awarded SBAHQ23Y0014?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0014, with funding from Office of Capital Access (Small Business Administration).
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