Formula Grant SBAHQ23Y0078
- 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 Small Business Administration (SBA) awarded Accompany Capital Inc. $1,132,636.99 under the Microloan Program (CFDA #59.046) 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 services to start-up, newly established, and growing small businesses. As the sub-awardee, Accompany Capital Inc. will utilize the funding to deliver microloans...
- The Small Business Administration (SBA) awarded a $1.92 million Formula Grant to Ascendus, Inc. doing business as Accion USA through the Microloan Program (CFDA #59.046) to provide microloans and business training/technical assistance to small businesses from July 2022 to June 2023. The Microloan Program aims to assist entrepreneurs and business owners in underserved areas through direct loans of up to $50,000 and grants to intermediary microlenders. As the sub-awardee, Accion USA will...
- 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) Microloan Program awarded a $128,641 Formula Grant to the African Development Center, a nonprofit organization that serves underserved entrepreneurs and small businesses in Minnesota, particularly African immigrant and refugee communities. This funding supports the African Development Center's provision of microloans, business training, and technical assistance to start-up, newly established, and growing small business concerns. Specifically, the grant...
- The Small Business Administration (SBA) Office of Capital Access awarded a $480,686 Formula Grant to Community Capital New York, Inc. (doing business as Community Capital New YOR), a community development financial organization and mission-driven community development lender, under the SBA Microloan Program (CFDA 59.046). This grant, with a performance period of July 1, 2023 to June 30, 2024, will allow Community Capital New York, Inc. to provide microloans, training, and technical assistance to...
- The Small Business Administration (SBA) awarded a $133,962 Microloan Program (CFDA 59.046) formula grant to Cap Services Inc., a non-profit community development organization. The grant funding will be used to provide micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns, particularly those owned by women, low-income, and minority entrepreneurs. As a subrecipient, Cap Services Inc. has also administered support programs...
- The Small Business Administration (SBA) awarded Community Capital New York, Inc. $604,437 under the Microloan Program (CFDA #59.046) to provide microloans and business training/technical assistance to startup, newly established, and growing small businesses from July 2021 through September 2022. The Microloan Program aims to assist women, low-income, and minority entrepreneurs as well as small businesses in underserved areas through direct loans of $50,000 or less along with business-based...
- The Small Business Administration (SBA) awarded BOC Capital Corporation $880,653 under the Microloan Program (CFDA #59.046) for the period of July 1, 2021 through 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, and growing small businesses. As the sub-awardee, BOC Capital Corporation will utilize the funding to provide microloans and business...
- The Small Business Administration (SBA) awarded a $1,035,354 Formula Grant to the Community Investment Corporation through the Microloan Program (CFDA #59.046). The grant provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance services to start-ups, new, and growing small businesses. Specifically, the Community Investment Corporation will use SBA funding from July 2022 to June 2023 to assist women, low-income, and...
Through a $1,028,063 Formula Grant awarded by the Small Business Administration (SBA) Office of Capital Access, Accompany Capital Inc., doing business as the Business Center For New Americans, provides microloans and business development assistance to underserved small businesses and entrepreneurs. As a participant in the SBA Microloan Program (CFDA 59.046), Accompany Capital utilizes this annual formula grant funding to offer microloans paired with training and advising services, primarily targeting minority-owned, women-owned, and otherwise disadvantaged small business owners. Additionally, Accompany Capital leverages Community Development Financial Institutions (CDFI) program funding to expand lending and financial services in underserved communities.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $1.0m | 6/26/23 |