Common capital INC - MA

Ended Formula Grant Awarded Last action

Award ID
SBAHQ23Y0118
Recipient
Awarding agency
Obligated
$413,997

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Springfield, MO, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Small Business Administration (SBA) Office of Capital Access awarded Common Capital, Inc., a non-profit Community Development Financial Institution (CDFI), a $413,997 Formula Grant under the Microloan Program (CFDA 59.046) to provide microloans of $50,000 or less and business training/technical assistance to start-up, newly established, and growing small businesses in Springfield, MA. Common Capital has received previous Microloan Program formula grants, including $225,876 in FY2022 and $200,546 in FY2021, which it used to support its microlending and business assistance activities. The Microloan Program aims to help women, low-income, and minority entrepreneurs and small businesses lacking access to credit. Common Capital is a subsidiary of the non-profit organization Way Finders, Inc., which also receives federal grants from the Department of Housing and Urban Development for fair housing and housing counseling initiatives.

Quick answers

Who received award SBAHQ23Y0118?

SBAHQ23Y0118 was awarded to Common Capital, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.

How much is award SBAHQ23Y0118 worth?

$413,997 has been obligated on SBAHQ23Y0118.

Which agency awarded SBAHQ23Y0118?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0118, with funding from Office of Capital Access (Small Business Administration).

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