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
- SBAHQ23Y0084
- Recipient
-
The Northwest Minnesota Foundation UEI TMQSDZY51VY3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $184,483
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Bemidji, MN 56601, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $184,483 Microloan Program (CFDA #59.046) formula grant to the Northwest Minnesota Foundation, a non-profit organization and foundation. This funding enables the Northwest Minnesota Foundation to provide micro-level loans of $50,000 or less, as well as business training and technical assistance, to start-ups, newly established, and growing small businesses in Bemidji, Minnesota and the surrounding region. The grant supports the Foundation's efforts to assist women, low-income, and minority entrepreneurs, business owners, and other individuals with the capability to operate successful small business concerns in areas lacking access to credit. The grant period runs from July 1, 2023 to June 30, 2024.
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 SBAHQ23Y0084?
SBAHQ23Y0084 was awarded to The Northwest Minnesota Foundation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0084 worth?
$184,483 has been obligated on SBAHQ23Y0084.
Which agency awarded SBAHQ23Y0084?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0084, with funding from Office of Capital Access (Small Business Administration).
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