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
- SBAHQ23Y0025
- Recipient
-
Flagship Enterprise Center UEI FRHGZCZTL4M1
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $543,594
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Anderson, IN, USA
Award details come from USAspending.gov.
About this award
Flagship Enterprise Center provides microloans, business training, and technical assistance to start-up and growing small businesses under a $543,594 Formula Grant from the Small Business Administration's (SBA) Microloan Program. As a microlender designated by the SBA under the Microloan Program (CFDA #59.046), Flagship utilizes this annual grant funding to deliver micro-level loans and business-based coaching targeted at women, minority, and low-income entrepreneurs as well as small businesses lacking access to traditional sources of credit in underserved areas. Technical assistance projects have focused on strengthening financing packages to help microloan applicants successfully obtain small business loans. Based in Anderson, Indiana, Flagship has received Microloan Program Formula Grants each year since FY2019, totaling over $800k in FY2021 alone.
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 SBAHQ23Y0025?
SBAHQ23Y0025 was awarded to Flagship Enterprise Center by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0025 worth?
$543,594 has been obligated on SBAHQ23Y0025.
Which agency awarded SBAHQ23Y0025?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0025, with funding from Office of Capital Access (Small Business Administration).
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