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
- SBAHQ23Y0112
- Recipient
-
Community Ventures Corporation, Inc. UEI PYEHKE878KN6
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,131,277
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Lexington, KY, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $1,131,277 Microloan Program (CFDA 59.046) formula grant to Community Ventures Corporation, Inc., a non-profit organization, for the period of July 1, 2023 to June 30, 2024. The grant provides direct loans and technical assistance to help start-up, newly established, and growing small businesses, particularly those owned by women, low-income, and minority entrepreneurs. As a community development financial institution, Community Ventures will leverage the grant to offer lending capital, training, and other financial services to support small business growth and economic development in underserved communities.
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 SBAHQ23Y0112?
SBAHQ23Y0112 was awarded to Community Ventures Corporation, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0112 worth?
$1,131,277 has been obligated on SBAHQ23Y0112.
Which agency awarded SBAHQ23Y0112?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0112, with funding from Office of Capital Access (Small Business Administration).
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