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
- SBAHQ23Y0094
- Recipient
-
Kentucky Highlands Investment Corporation UEI SG71HEA776D9
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $606,177
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- London, KY, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $606,177 Formula Grant to Kentucky Highlands Investment Corporation, a non-profit community development corporation, under the SBA Microloan Program (CFDA 59.046). The grant provides direct loans and technical assistance funding to enable Kentucky Highlands Investment Corporation to offer micro-level loans, business training, and technical support to start-up, newly established, and growing small businesses, with a focus on assisting women, low-income, and minority entrepreneurs and business owners. Kentucky Highlands Investment Corporation, as a certified Community Development Financial Institution (CDFI), has administered similar federal grant programs to support economic development and access to capital in underserved communities in Southeastern Kentucky.
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 SBAHQ23Y0094?
SBAHQ23Y0094 was awarded to Kentucky Highlands Investment Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0094 worth?
$606,177 has been obligated on SBAHQ23Y0094.
Which agency awarded SBAHQ23Y0094?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0094, with funding from Office of Capital Access (Small Business Administration).
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