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
- SBAHQ23Y0020
- Recipient
-
Access To Capital For Entrepreneurs, Inc. UEI NMEJME5ANRN4
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,887,658
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Cleveland, GA 30528, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration awarded $1,887,658 under the Microloan Program (CFDA 59.046) to Access To Capital For Entrepreneurs, Inc. for the period of July 1, 2023 to June 30, 2024. Through this Formula Grant, Access To Capital For Entrepreneurs will provide microloans of under $100,000 and business training/technical assistance to start-ups and growing small businesses in 68 Georgia counties. As a Community Development Financial Institution, Access To Capital For Entrepreneurs focuses on supporting women, minority, and other entrepreneurs who may lack access to traditional sources of credit. This funding furthers the Microloan Program's goals of assisting underserved individuals in starting or operating small businesses and addressing credit needs in areas that lack access to capital.
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 SBAHQ23Y0020?
SBAHQ23Y0020 was awarded to Access To Capital For Entrepreneurs, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0020 worth?
$1,887,658 has been obligated on SBAHQ23Y0020.
Which agency awarded SBAHQ23Y0020?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0020, with funding from Office of Capital Access (Small Business Administration).
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