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
- SBAHQ23Y0113
- Recipient
-
Community First Fund UEI FJ3SBWYWSAR9
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $502,565
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Lancaster, PA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $502,565 Formula Grant through the Microloan Program (CFDA 59.046) to the non-profit Community First Fund. The grant funding will enable Community First Fund, a Community Development Financial Institution (CDFI), to provide microloans, technical assistance, and training to start-up, newly established, and growing small business concerns, with a focus on serving women, low-income, and minority entrepreneurs and business owners in areas lacking access to credit. As a CDFI, Community First Fund has a history of leveraging federal grant awards to provide essential financial services, stimulate private investment, and drive economic revitalization 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 SBAHQ23Y0113?
SBAHQ23Y0113 was awarded to Community First Fund by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0113 worth?
$502,565 has been obligated on SBAHQ23Y0113.
Which agency awarded SBAHQ23Y0113?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0113, with funding from Office of Capital Access (Small Business Administration).
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