Michigan women's foundation - MI

Ended Formula Grant Awarded Last action

Award ID
SBAHQ23Y0081
Recipient
Awarding agency
Obligated
$200,000

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Detroit, MI, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

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.

Quick answers

Who received award SBAHQ23Y0081?

SBAHQ23Y0081 was awarded to The Michigan Women's Foundation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.

How much is award SBAHQ23Y0081 worth?

$200,000 has been obligated on SBAHQ23Y0081.

Which agency awarded SBAHQ23Y0081?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0081, with funding from Office of Capital Access (Small Business Administration).

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