Formula Grant SBAHQ23Y0095

Award Date 7/1/23
Completion Date 6/30/24
Dollars Obligated $200K
Funding Federal Agency
Office of Capital Access
Federal Grant Program
59.046
Assistance Type
Formula Grant
Place of Performance
Owatonna, MN, USA
Similar Awards
The Small Business Administration (SBA) has awarded a $211,004 Microloan Program (CFDA 59.046) Formula Grant to the Southwest Initiative Foundation, a non-profit organization based in Hutchinson, Minnesota. This grant, effective from July 1, 2023 to June 30, 2024, enables the Southwest Initiative Foundation to provide direct micro-loans and business training/technical assistance to start-up, newly established, and growing small businesses in its service area. The Microloan Program is designed to...
The Small Business Administration (SBA) awarded $269,544 under the Microloan Program (CFDA #59.046) Formula Grant to Southwest Initiative Foundation in Hutchinson, Minnesota. The grant funding will support Southwest Initiative Foundation's provision of microloans and business training/technical assistance services to start-up, newly established, and growing small businesses from July 1, 2021 to June 30, 2022. As the SBA's Microloan Program aims to assist women, low-income, and minority...
The Small Business Administration (SBA) awarded a $206,883 Project Grant under the Microloan Program (CFDA 59.046) to the Southwest Initiative Foundation, a non-profit organization based in Hutchinson, Minnesota. This grant, with a performance period from July 1, 2024 to June 30, 2025, will enable the Southwest Initiative Foundation to provide microloans up to $50,000 and technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in...
The Small Business Administration (SBA) Microloan Program awarded a $544,747 formula grant to the Center For Rural Affairs Community Capital, a non-profit organization and community development corporation. This grant, effective from July 1, 2023 to June 30, 2024, will enable the organization to provide microloans, business training, counseling, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, low-income, and minority entrepreneurs and...
The Small Business Administration (SBA) Microloan Program awarded a $115,474 Formula Grant to Womenventure, a non-profit organization, for the period of July 1, 2023 to June 30, 2024. Womenventure, a certified Community Development Financial Institution, will use the grant funds to provide direct microloans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on women, low-income, and minority entrepreneurs and business...
The Small Business Administration (SBA) awarded $209,786 under the Microloan Program (CFDA #59.046) to the Northwest Minnesota Foundation for the period of July 1, 2021 to June 30, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance to start-ups, new, and growing small businesses. As the SBA sub-awardee, the Foundation will utilize the funding to provide microloans and business...
The Southwest Initiative Foundation received a $469,540 Project Grant award from the Small Business Administration (SBA) Office of Capital Access. The grant funds training and technical assistance services for current and prospective borrowers of the SBA Microloan Program between July 1, 2022 and June 30, 2023. The SBA Microloan Program (CFDA #59.046) aims to assist entrepreneurs and small business owners in underserved areas by providing access to small, short-term loans and business support...
The Small Business Administration (SBA) awarded a $1,035,354 Formula Grant to the Community Investment Corporation through the Microloan Program (CFDA #59.046). The grant provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance services to start-ups, new, and growing small businesses. Specifically, the Community Investment Corporation will use SBA funding from July 2022 to June 2023 to assist women, low-income, and...
The Small Business Administration (SBA) awarded $1.76 million to Northeast Entrepreneur Fund, Inc. through the Microloan Program (CFDA #59.046) for the period of July 1, 2021 to June 30, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans of under $100k, as well as business training and technical assistance, to support start-ups, newly established and growing small businesses. Northeast Entrepreneur Fund, Inc. will utilize...
The Small Business Administration (SBA) awarded $214,347 under the Microloan Program (CFDA #59.046) Formula Grant to Womenventure in Minneapolis, Minnesota for the period of July 1, 2021 to June 30, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance to start-ups, new, and growing small businesses. This particular award allows Womenventure to further the Program's goals of...

The Small Business Administration (SBA) Microloan Program awarded a $199,984 Formula Grant to the Southern Minnesota Initiative Foundation (SMIF) for the period of July 1, 2023 to June 30, 2024. Under this grant, SMIF will provide direct micro-loans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on women, low-income, and minority entrepreneurs and business owners. The SBA Microloan Program (CFDA 59.046) aims to assist small businesses in areas suffering from a lack of credit access.

Additionally, SMIF has previously received federal grant funding to develop a comprehensive economic development strategy and to support an early childhood education program through AmeriCorps, demonstrating its experience in leveraging government resources to drive regional economic and community vitality.

Generated 4/9/24, 4:32 PM