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
- SBAHQ23Y0083
- Recipient
-
Northern Great Lakes Initiatives UEI XKLQDKGBJY15
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $413,303
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Marquette, WI 53946, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) Microloan Program provided a $413,303 formula grant to Northern Great Lakes Initiatives, a non-profit organization and community development corporation located in Marquette, Wisconsin. This grant, awarded on July 1, 2023, with a completion date of June 30, 2024, will enable Northern Great Lakes Initiatives to offer micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on supporting women, minorities, and low-income entrepreneurs.
As a sub-awardee, Northern Great Lakes Initiatives has also utilized grant funding from the Local Initiatives Support Corporation and Industrial Technology Institute to provide business coaching, training, and other assistance to minority entrepreneurs and manufacturers in specific geographic areas.
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 SBAHQ23Y0083?
SBAHQ23Y0083 was awarded to Northern Great Lakes Initiatives by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0083 worth?
$413,303 has been obligated on SBAHQ23Y0083.
Which agency awarded SBAHQ23Y0083?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0083, with funding from Office of Capital Access (Small Business Administration).
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