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
- SBAHQ23Y0116
- Recipient
-
Center For Rural Affairs Community Capital UEI JDL8RME8NMF7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $544,747
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Lyons, NE 68038, USA
Award details come from USAspending.gov.
About this award
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 microenterprises in underserved communities. The SBA Microloan Program (CFDA 59.046) aims to assist small business concerns in areas lacking credit access. Through this federal grant, the Center For Rural Affairs Community Capital will utilize the funding to deliver capital, education, and development services to microbusinesses and entrepreneurs, helping them establish and grow their ventures.
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 SBAHQ23Y0116?
SBAHQ23Y0116 was awarded to Center For Rural Affairs Community Capital by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0116 worth?
$544,747 has been obligated on SBAHQ23Y0116.
Which agency awarded SBAHQ23Y0116?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0116, with funding from Office of Capital Access (Small Business Administration).
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