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
- SBAHQ23Y0063
- Recipient
-
Montana Community Development Corp UEI CDKZGSXCXPZ4
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $697,549
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Missoula, MT, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $697,549 Microloan Program (CFDA 59.046) formula grant to Montana Community Development Corp, doing business as Mofi, for the period of July 1, 2023 to June 30, 2024. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to support 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. As a community development financial institution, Mofi utilizes this federal grant funding to directly provide microloans, workforce development programs, affordable housing consulting, and capital investment to expand access to responsible financing across Montana, Idaho, and Wyoming.
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 SBAHQ23Y0063?
SBAHQ23Y0063 was awarded to Montana Community Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0063 worth?
$697,549 has been obligated on SBAHQ23Y0063.
Which agency awarded SBAHQ23Y0063?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0063, 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