The Small Business Administration (SBA) awarded $328,353.88 through its Microloan Program to Southeast Kentucky Economic Development for the period of July 1, 2021 to June 30, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance to start-ups, new businesses and growing small concerns. Specifically, Southeast Kentucky Economic Development will utilize the funding to provide...
The Small Business Administration (SBA) Office of Capital Access awarded a $655,382 Project Grant to Southeast Kentucky Economic Development to provide training and technical assistance to SBA Microloan borrowers and prospective borrowers. The grant period runs from July 1, 2022 to June 30, 2023. The award is being administered under the SBA's Microloan Program (CFDA #59.046), which aims to assist entrepreneurs, business owners, and individuals in underserved areas by expanding access to...
The federal Project Grant award of $326,250 was provided by the U.S. Small Business Administration (SBA) under the Microloan Program (CFDA 59.046) to the Southeast Kentucky Economic Development Corporation (SKED). The award, with a period of performance from July 1, 2024 to June 30, 2025, will enable SKED to offer microloans up to $50,000 and provide technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals, in underserved communities...
The U.S. Small Business Administration (SBA) awarded a $606,177 Formula Grant to Kentucky Highlands Investment Corporation, a non-profit community development corporation, under the SBA Microloan Program (CFDA 59.046). The grant provides direct loans and technical assistance funding to enable Kentucky Highlands Investment Corporation to offer micro-level loans, business training, and technical support to start-up, newly established, and growing small businesses, with a focus on assisting...
The Small Business Administration (SBA) awarded $490,128 under the Microloan Program (CFDA #59.046) to Kentucky Highlands Investment Corporation. This Formula Grant will support Kentucky Highlands in providing microloans and business assistance to entrepreneurs and small business owners from July 2021 to June 2022. As an intermediary lender under the SBA Microloan Program, Kentucky Highlands will utilize the funding to issue micro-level loans of $50,000 or less to eligible startup, newly...
The Small Business Administration awarded $191,164.33 under the Microloan Program (CFDA #59.046) to Southeast Community Capital Corporation for the period of July 1, 2021 through June 7, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance to start-ups, new, and growing small businesses. As the sub-awardee, Southeast Community Capital will utilize the funding to provide microloans...
The Small Business Administration (SBA) Microloan Program awarded a $275,000 formula grant to Mountain Association for Community Economic (doing business as Mountain Association), a non-profit organization and community development corporation based in Berea, Kentucky. The grant will support Mountain Association's delivery of technical assistance, training, and small business lending services to women, low-income, and minority entrepreneurs and small business owners across Appalachian...
The Small Business Administration (SBA) awarded a $721,832 Microloan Program (CFDA 59.046) grant to Community Ventures Corporation, Inc., a Kentucky-based non-profit organization and certified Community Development Financial Institution (CDFI). This grant will enable Community Ventures to provide microloans up to $50,000 and technical assistance to women, minority, and low-income entrepreneurs, as well as small businesses in economically disadvantaged areas suffering from a lack of credit...
The U.S. Small Business Administration (SBA) awarded a $213,579 Formula Grant under the Microloan Program (CFDA 59.046) to the Mountain Association for Community Economic Development (Mountain Association), a non-profit organization and community development corporation based in Berea, Kentucky. The grant period runs from July 1, 2024, to June 30, 2025. Through this Microloan Program grant, Mountain Association will provide microloans up to $50,000 and accompanying technical assistance to...
The Small Business Administration (SBA) awarded $357,935 under the Microloan Program (CFDA #59.046) to Southeast Community Capital Corporation for the period of July 1, 2022 to June 30, 2023. Under this Formula Grant, Southeast Community Capital will provide microloans and business training/technical assistance to small businesses and entrepreneurs in economically disadvantaged areas through the SBA's Microloan Program. The Microloan Program aims to expand access to credit for small business...