Formula Grant SBAHQ23Y0033

Award Date 7/1/23
Completion Date 6/30/24
Dollars Obligated $701K
Funding Federal Agency
Office of Capital Access
Federal Grant Program
59.046
Assistance Type
Formula Grant
Place of Performance
Birmingham, AL, USA
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This $657,539 Project Grant was awarded on July 1, 2024 by the U.S. Small Business Administration (SBA) under the Microloan Program (CFDA 59.046). The grant recipient is Sabre Finance, doing business as Venturesouth, a veteran-owned non-profit organization that provides microloans, training, and technical assistance to small businesses in Birmingham, Alabama. Venturesouth has utilized SBA Microloan Program funding to issue over $100,000 in microloans to local small businesses and...
The Small Business Administration (SBA) awarded a $1,404,538 project grant to Venturesouth, doing business as Sabre Finance, through the Microloan Program (CFDA 59.046). The grant will support Venturesouth's provision of microloans and technical assistance services to women, low-income, and minority entrepreneurs in Birmingham, Alabama from July 1, 2022 to June 30, 2023. The Microloan Program aims to foster entrepreneurship and small business growth in economically disadvantaged communities...
The Small Business Administration (SBA) awarded $613,555 under the Microloan Program (CFDA #59.046) to Sabre Finance dba Venturesouth for the period of July 1, 2021 to June 30, 2022. Under this Formula Grant, Sabre Finance will provide microloans and business training/technical assistance services to start-up, newly established, and growing small businesses in Birmingham, Alabama. The Microloan Program aims to assist entrepreneurs who face barriers to accessing credit, including women,...
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The Small Business Administration (SBA) awarded Sabre Finance dba Venturesouth a $701,144 Formula Grant under the Microloan Program (CFDA 59.046). Venturesouth, a veteran-owned nonprofit community development corporation, will utilize the grant funding to issue microloans of $100k or less to small businesses and entrepreneurs in Birmingham, Alabama. As part of the Microloan Program's goal of fostering entrepreneurship and small business growth through access to credit, Venturesouth will provide related technical assistance and business training services to microloan recipients, with a focus on assisting women, minorities, and low-income individuals. The one-year grant period covers July 1, 2023 to June 30, 2024.

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