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
- SBAHQ23Y0085
- Recipient
-
Oregon Association Of Minority Entrepreneurs UEI Y4SSJG8LLKN9
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $202,195
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Portland, OR, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $202,195 Formula Grant under the Microloan Program (CFDA 59.046) to the Oregon Association of Minority Entrepreneurs (OAME), a non-profit organization. The grant funding enables OAME to provide microloans, business training, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, minority, and low-income entrepreneurs in Portland, Oregon. From 2019 to the present, OAME has utilized over $1 million in SBA Microloan Program funding, including this Formula Grant and other prime and sub awards, to deliver microloans and support services to its target constituency in order to stimulate small business creation and growth.
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 SBAHQ23Y0085?
SBAHQ23Y0085 was awarded to Oregon Association Of Minority Entrepreneurs by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0085 worth?
$202,195 has been obligated on SBAHQ23Y0085.
Which agency awarded SBAHQ23Y0085?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0085, with funding from Office of Capital Access (Small Business Administration).
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