The African Development Center will receive $171,500 through June 30, 2023 from the Small Business Administration Office of Capital Access under the Microloan Program (CFDA #59.046) to provide technical assistance services. Specifically, the funding will support expenses including loan officer preparations and delivery of pre-loan and post-loan technical assistance, personnel, training, and supplies. The Microloan Program aims to assist underserved entrepreneurs and business owners through...
The Small Business Administration (SBA) awarded a $236,232 Microloan Program (CFDA #59.046) formula grant to Neighborhood Development Center Inc., a non-profit community development corporation located in St. Paul, Minnesota. This grant enables Neighborhood Development Center Inc. to provide direct microloans of under $50,000 to start-up and growing small businesses, as well as pre-loan and post-loan training and technical assistance for business planning and operations. This federal grant...
The U.S. Small Business Administration (SBA) awarded a $227,047 Formula Grant under the Microloan Program (CFDA 59.046) to Neighborhood Development Center Inc., a non-profit community development corporation based in St. Paul, Minnesota. The grant provides funding for the organization to offer microloans up to $50,000 and comprehensive technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities. The grant has a...
The Small Business Administration (SBA) awarded a $264,645 Microloan Program Formula Grant to Neighborhood Development Center Inc. to provide microloans and business training/technical assistance services from July 1, 2021 through June 30, 2022. The Microloan Program (CFDA #59.046) aims to assist entrepreneurs, business owners, and individuals in underserved areas by providing small, direct loans and supporting services to start-up, newly established, and growing small businesses. As a...
The Small Business Administration (SBA) Microloan Program awarded a $544,747 formula grant to the Center For Rural Affairs Community Capital, a non-profit organization and community development corporation. This grant, effective from July 1, 2023 to June 30, 2024, will enable the organization to provide microloans, business training, counseling, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, low-income, and minority entrepreneurs and...
The Small Business Administration (SBA) awarded a $598,791 Project Grant under the Microloan Program (CFDA 59.046) to Accompany Capital Inc., doing business as Business Center For New Americans, a non-profit Community Development Corporation. The grant will fund the organization's provision of microloans up to $50,000 and accompanying technical assistance to start-up, newly established, and growing small business concerns, particularly those owned by women, minorities, and low-income individuals...
The Neighborhood Development Center Inc. was awarded a $713,002 Project Grant from the Small Business Administration Office of Capital Access under the Microloan Program (CFDA 59.046) to provide pre-loan and post-loan technical assistance to support small businesses from July 1, 2022 to June 30, 2023. The Microloan Program aims to assist entrepreneurs and small business owners in underserved areas by providing credit and support services. Under this award, Neighborhood Development Center will...
The U.S. Small Business Administration (SBA) awarded a $1,600,000 Congressional Grants Program (CFDA 59.059) Project Grant to Neighborhood Development Center Inc., a non-profit community development corporation in St. Paul, Minnesota. The grant will fund a 5-year initiative to support small business development and entrepreneurship, including providing direct microloans under $50,000, pre-loan business planning assistance, post-loan technical support, training services, and operational...
The Small Business Administration awarded a $100,000 project grant to First Childrens Finance through the Microloan Program (CFDA #59.046) for the period of July 1, 2022 to June 30, 2023. The Microloan Program aims to assist women, low-income, and minority entrepreneurs as well as small businesses in underserved areas facing a lack of access to credit. Through this funding, First Childrens Finance will provide microloans and technical assistance to small business owners and aspiring...
The Small Business Administration (SBA) has awarded a $211,004 Microloan Program (CFDA 59.046) Formula Grant to the Southwest Initiative Foundation, a non-profit organization based in Hutchinson, Minnesota. This grant, effective from July 1, 2023 to June 30, 2024, enables the Southwest Initiative Foundation to provide direct micro-loans and business training/technical assistance to start-up, newly established, and growing small businesses in its service area. The Microloan Program is designed to...