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
- SBAHQ23Y0105
- Recipient
-
Mountain Association For Community Econo UEI LBW2DRXQXCA7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $275,000
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Berea, KY, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) Microloan Program awarded a $275,000 formula grant to Mountain Association for Community Economic (doing business as Mountain Association), a non-profit organization and community development corporation based in Berea, Kentucky. The grant will support Mountain Association's delivery of technical assistance, training, and small business lending services to women, low-income, and minority entrepreneurs and small business owners across Appalachian Kentucky. Specifically, the funding under the SBA Microloan Program (CFDA 59.046) will enable Mountain Association to provide micro-level loans as well as business-focused training and technical assistance to start-up, newly established, and growing small business concerns in areas that lack access to business 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 SBAHQ23Y0105?
SBAHQ23Y0105 was awarded to Mountain Association For Community Econo by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0105 worth?
$275,000 has been obligated on SBAHQ23Y0105.
Which agency awarded SBAHQ23Y0105?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0105, with funding from Office of Capital Access (Small Business Administration).
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