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
- SBAHQ23Y0111
- Recipient
-
Womenventure UEI NJE5B1U82XP8
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $115,474
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- St Paul, MN, USA
Award details come from USAspending.gov.
About this award
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 owners. The SBA Microloan Program (CFDA 59.046) is designed to assist small businesses that lack access to credit in underserved areas.
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 SBAHQ23Y0111?
SBAHQ23Y0111 was awarded to Womenventure by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0111 worth?
$115,474 has been obligated on SBAHQ23Y0111.
Which agency awarded SBAHQ23Y0111?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0111, with funding from Office of Capital Access (Small Business Administration).
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