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
- SBAHQ23Y0021
- Recipient
-
Ampac Tri-State Cdc, Inc. UEI P8HBEQSBN8L4
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $379,177
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Ontario, CA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration awarded a $379,177 Formula Grant to Ampac Tri-State CDC Inc. through the Microloan Program (CFDA 59.046). Ampac Tri-State will use the grant funding to provide microloans and business training and technical assistance services to startups, newly established, and growing small businesses in Ontario, California from July 1, 2023 through June 30, 2024. As a non-profit community development corporation and SBA-certified lender, Ampac Tri-State supports underserved entrepreneurs through direct small business loans of $35,000 or less, coupled with counseling. No subawards were noted. The Microloan Program aims to expand access to credit for women, minority, and low-income business owners in areas lacking financial access by funding intermediary lenders.
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 SBAHQ23Y0021?
SBAHQ23Y0021 was awarded to Ampac Tri-State Cdc, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0021 worth?
$379,177 has been obligated on SBAHQ23Y0021.
Which agency awarded SBAHQ23Y0021?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0021, with funding from Office of Capital Access (Small Business Administration).
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