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
- SBAHQ23Y0061
- Recipient
-
Grand Rapids Opportunities For Women UEI KNSAB2X8LTF9
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $116,453
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Grand Rapids, MI, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $116,453 Formula Grant on July 1, 2023 to Grand Rapids Opportunities For Women (GROW), doing business as Grow, under the SBA Microloan Program (CFDA 59.046). The funding enables Grow, a non-profit women's business center and Community Development Financial Institution (CDFI), to provide microloans up to $50,000 and business training, counseling, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, minority, and low-income entrepreneurs in West Michigan. The grant aims to assist small business concerns in underserved areas that lack access to credit.
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 SBAHQ23Y0061?
SBAHQ23Y0061 was awarded to Grand Rapids Opportunities For Women by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0061 worth?
$116,453 has been obligated on SBAHQ23Y0061.
Which agency awarded SBAHQ23Y0061?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0061, with funding from Office of Capital Access (Small Business Administration).
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