The Small Business Administration (SBA) Microloan Program awarded a $235,674 Formula Grant to First American Capital Corporation, Inc., a non-profit organization, for the period of July 1, 2023 to June 30, 2024. The Microloan Program (CFDA 59.046) provides direct loans and grants to eligible non-profit microlenders to support the provision of micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on women, low-income, and minority entrepreneurs and business owners. Through this award, First American Capital Corporation, Inc. will leverage the federal grant funding to deliver microloans, business training, and technical assistance to small businesses, particularly those in Native American and other underserved communities in Wisconsin.
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