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
- SBAHQ23Y0057
- Recipient
-
Liftfund Inc. UEI ZW2LP2T9CKF2
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,374,473
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- San Antonio, TX, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) has awarded a $1,374,473 Microloan Program (CFDA 59.046) formula grant to Liftfund Inc., doing business as Accion, a nonprofit community development financial institution. This funding will enable Accion to provide microloans under $50,000, as well as business training and technical assistance, to startups, minority-owned, women-owned, and other underserved small businesses in San Antonio, TX and the surrounding region. Accion has extensive experience administering federal grants for small business development, having received over 20 prior awards from the SBA, CDFI Fund, EDA, and CNCS. This 1-year grant period runs from July 1, 2023 to June 30, 2024.
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 SBAHQ23Y0057?
SBAHQ23Y0057 was awarded to Liftfund Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0057 worth?
$1,374,473 has been obligated on SBAHQ23Y0057.
Which agency awarded SBAHQ23Y0057?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0057, with funding from Office of Capital Access (Small Business Administration).
On GovTribe
See this award's full record
- Every transaction and subaward
- The recipient's other awards and teaming partners
- Similar grant awards
- Ask GovTribe AI about this award