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
- SBAHQ23Y0046
- Recipient
-
Peoplefund UEI MJ6LY78SHJR8
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $884,660
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Austin, TX, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $884,660 Microloan Program (CFDA 59.046) formula grant to Peoplefund, a non-profit community development corporation in Austin, TX. This grant funding enables Peoplefund to provide direct microloans, business training, and technical assistance to start-up, newly established, and growing small businesses, with a focus on serving women, low-income, and minority entrepreneurs and small business owners in underserved areas. As a Microloan Program grantee, Peoplefund will leverage this funding to expand access to flexible capital and support services for small businesses, particularly those located in low-income neighborhoods.
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 SBAHQ23Y0046?
SBAHQ23Y0046 was awarded to Peoplefund by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0046 worth?
$884,660 has been obligated on SBAHQ23Y0046.
Which agency awarded SBAHQ23Y0046?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0046, with funding from Office of Capital Access (Small Business Administration).
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