Formula Grant SBAHQ23Y0081
- The U.S. Small Business Administration (SBA) awarded a $200,000 Project Grant under the Microloan Program (CFDA 59.046) to the Michigan Women's Foundation, a woman-owned, non-profit organization, for the period of July 1, 2024 to June 30, 2025. The Microloan Program is designed to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities, by providing funding to nonprofit intermediary lenders to offer microloans up to $50,000...
- Federal Project Grant Award Summary The Small Business Administration's (SBA) Office of Capital Access awarded $130,000 through the Microloan Program (CFDA 59.046) to The Michigan Women's Foundation, effective July 1, 2025, through June 30, 2026. As a certified Community Development Financial Institution (CDFI) and intermediary lender, the Foundation will utilize these funds to provide short-term, fixed-interest rate microloans up to $50,000 to startup, newly established, and growing small...
- The Small Business Administration (SBA) awarded a $285,361 Formula Grant under the Microloan Program (CFDA 59.046) to the Great Lakes Women's Business Council (GLWBC), a non-profit organization and Community Development Corporation located in Livonia, Michigan. The grant period runs from July 1, 2024 to June 30, 2025. The Microloan Program is designed to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities, by providing...
- The Small Business Administration (SBA) awarded $471,301 under the Microloan Program (CFDA #59.046) to the Great Lakes Women's Business Council (GLWBC) for the period of July 1, 2021 through June 30, 2022. This Formula Grant funding will enable GLWBC to provide microloans of under $100,000 and business training/technical assistance to startup, newly established, and growing small businesses, with a focus on assisting women, low-income, and minority entrepreneurs in the Livonia, Michigan area who...
- The Small Business Administration (SBA) awarded a $363,640 Microloan Program (CFDA 59.046) Formula Grant to the Great Lakes Women's Business Council (GLWBC), a nonprofit organization, to provide micro-level loans, business training, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, low-income, and minority entrepreneurs. This funding will enable GLWBC to deliver these services to small business concerns in the Livonia, MI area from July...
- The U.S. Small Business Administration (SBA) awarded a $262,661 Formula Grant under the Microloan Program (CFDA 59.046) to Metro Community Development Inc., a non-profit community development organization in Flint, Michigan. The grant will support the organization's delivery of microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved Flint communities. As a certified Community...
- The Small Business Administration (SBA) awarded $323,411 to Metro Community Development Inc. through the Microloan Program (CFDA #59.046) for the period of July 1, 2021 to June 30, 2022. This Formula Grant funding will support Metro Community Development Inc.'s provision of microloans and business training/technical assistance services to start-up, newly established, and growing small businesses in Flint, Michigan. The Microloan Program aims to assist women, low-income, and minority...
- The Small Business Administration (SBA) awarded $356,904 under the Microloan Program (CFDA #59.046) to Metro Community Development Inc. in Flint, Michigan. This Formula Grant will support the provision of microloans and business training/technical assistance services to start-ups, new, and growing small businesses through June 30, 2023. The Microloan Program aims to assist women, low-income, and minority entrepreneurs and business owners in areas lacking access to credit. As the sub-awardee,...
- Federal Grant Award Summary The Small Business Administration (SBA), through its Office of Capital Access, awarded a $253,062 Project Grant to Great Lakes Women's Business Council (GLWBC) under the Microloan Program (CFDA 59.046) on July 1, 2025, with completion scheduled for June 30, 2026. As an SBA-approved intermediary lender and Community Development Financial Institution, GLWBC will utilize this funding to provide microloans up to $50,000 to women-owned, minority-owned, and low-income small...
- This $446,095 Formula Grant award from the Small Business Administration's Microloan Program (CFDA 59.046) was provided to Metro Community Development, Inc. (Metro), a non-profit community development corporation located in Flint, MI. The grant period runs from July 1, 2023 to June 30, 2024. Through this award, Metro will leverage its expertise to provide a range of services to support women, low-income, and minority entrepreneurs and small businesses in the Flint area that are suffering from...
This $200,000 Formula Grant award from the Small Business Administration (SBA) Office of Capital Access to the Michigan Women's Foundation will support the delivery of the SBA Microloan Program. The funding will enable the Foundation, a woman-owned non-profit organization, to provide microloans, training, and technical assistance to women entrepreneurs and small business owners in Detroit, Michigan. As a certified Community Development Financial Institution (CDFI), the Foundation will also leverage this SBA Microloan funding to secure additional financial and technical assistance grants from the CDFI Fund to further expand its lending activities and support to disadvantaged groups impacted by COVID-19. Additionally, the Foundation administers federal microfinance funding as a sub-awardee, delivering microloans and counseling services to microenterprises on behalf of the City of Lansing.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $200.0k | 6/26/23 |