Formula Grant SBAHQ23Y0110

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) 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...

The Small Business Administration (SBA) Office of Capital Access awarded a $705,800 Project Grant to the Small Business Assistance Corporation to provide training and technical assistance to current and prospective borrowers of the SBA Microloan Program from July 1, 2022 to June 30, 2023. The SBA Microloan Program, listed under the Catalog of Federal Domestic Assistance as CFDA #59.046, aims to assist entrepreneurs, business owners, and individuals who own small businesses or are attempting to...

The Small Business Administration (SBA) has awarded a $152,624 Microloan Program (CFDA 59.046) project grant to Maryland Capital Enterprises, Inc., a non-profit community development corporation. This funding will enable Maryland Capital Enterprises to provide microloans up to $50,000 and accompanying technical assistance to support small businesses, particularly those owned by women, minorities, and low-income entrepreneurs in underserved communities in Maryland. The organization specializes in...

The Small Business Administration (SBA) awarded a $1,030,849 Formula Grant to Mountain Bizcapital Inc. through the Microloan Program (CFDA #59.046) to provide microloans and business assistance services from July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, Mountain Bizcapital Inc. will utilize the funding to issue micro-level loans of $50,000 or less to small businesses and entrepreneurs, as well as offer business training and technical assistance to support their...

The Small Business Administration (SBA) Microloan Program awarded a $235,674 Formula Grant to First American Capital Corporation, Inc., a non-profit organization, for the period of July 1, 2023 to June 30, 2024. The Microloan Program (CFDA 59.046) provides direct loans and grants to eligible non-profit microlenders to support the provision of micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on...

The Small Business Administration (SBA) provided a $654,050 Project Grant award to CDC Small Business Finance Corp. (CDC SBF), a non-profit community development financial institution, under the SBA Microloan Program (CFDA #59.046). Through this grant, CDC SBF will offer microloans of up to $50,000 and provide business training and technical assistance to startup, newly established, and growing small businesses, particularly those in underserved communities lacking access to capital. As a top...

The Small Business Administration awarded $191,164.33 under the Microloan Program (CFDA #59.046) to Southeast Community Capital Corporation for the period of July 1, 2021 through June 7, 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 sub-awardee, Southeast Community Capital will utilize the funding to provide microloans...

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...