Life asset INC. - DC
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ23Y0036
- Recipient
-
Life Asset, Inc. UEI N2DMZ185AJH7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $231,917
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Washington, DC, USA
Award details come from USAspending.gov.
About this award
Life Asset, Inc. was awarded a $231,917 Formula Grant from the Small Business Administration (SBA) under the Microloan Program (CFDA #59.046) to provide microloans, business training, counseling and technical assistance to women, low-income, minority and other disadvantaged entrepreneurs and small business owners from July 1, 2023 to June 30, 2024. As a prime recipient of SBA Microloan Program funding, Life Asset, Inc. will deliver microloans of under $50,000 along with accompanying business support services to startups and small businesses in economically distressed areas that lack access to credit. The nonprofit will utilize this federal funding to build the capacity of underserved communities and advance its mission of extending affordable financing options to disadvantaged populations.
Quick answers
Who received award SBAHQ23Y0036?
SBAHQ23Y0036 was awarded to Life Asset, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0036 worth?
$231,917 has been obligated on SBAHQ23Y0036.
Which agency awarded SBAHQ23Y0036?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0036, with funding from Office of Capital Access (Small Business Administration).
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