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
- SBAHQ23Y0054
- Recipient
-
Renaissance Community Loan Fund Inc. UEI ZCT6QVFWD1M9
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $134,691
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Gulfport, MS, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) Microloan Program awarded a $134,691 formula grant to Renaissance Community Loan Fund Inc., a non-profit organization, to provide microloans, business training, and technical assistance to start-up, newly established, and growing small businesses. This grant, which runs from July 1, 2023 to June 30, 2024, is funded under the SBA's Microloan Program (CFDA 59.046). The program aims to assist women, low-income, and minority entrepreneurs, business owners, and other individuals with the capability to operate successful business concerns in areas lacking access to credit. Through this award, Renaissance Community Loan Fund Inc. will offer financial services, small business support, and community development activities to underserved populations.
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 SBAHQ23Y0054?
SBAHQ23Y0054 was awarded to Renaissance Community Loan Fund Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0054 worth?
$134,691 has been obligated on SBAHQ23Y0054.
Which agency awarded SBAHQ23Y0054?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0054, with funding from Office of Capital Access (Small Business Administration).
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