The Small Business Administration (SBA) awarded $225,876.88 to Common Capital, Inc. through its Microloan Program (CFDA #59.046) for the period of July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, Common Capital will provide microloans of $50k or less as well as business training and technical assistance to start-up, newly established, and growing small businesses in Springfield, Massachusetts. The Microloan Program aims to assist entrepreneurs who face barriers to...
Common Capital, Inc. was awarded a $450,000 Project Grant from the Small Business Administration Office of Capital Access under the Microloan Program (CFDA 59.046) for the period of July 1, 2022 to June 30, 2023. The Microloan Program aims to assist women, low-income, and minority entrepreneurs as well as small business owners and individuals in underserved areas by providing access to credit and related services. Common Capital will utilize the funding to deliver microloans and technical...
The Small Business Administration (SBA) Office of Capital Access awarded a $480,686 Formula Grant to Community Capital New York, Inc. (doing business as Community Capital New YOR), a community development financial organization and mission-driven community development lender, under the SBA Microloan Program (CFDA 59.046). This grant, with a performance period of July 1, 2023 to June 30, 2024, will allow Community Capital New York, Inc. to provide microloans, training, and technical assistance to...
This $390,097 Formula Grant award from the U.S. Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) supports Communityworks, a non-profit Community Development Financial Institution (CDFI), in providing lending, training, and technical assistance to women, low-income, and minority entrepreneurs and small businesses in underserved communities. Key services include microloans, financial counseling, and COVID-19 recovery assistance, with a focus on...
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...
This $505,702 Formula Grant award from the Small Business Administration (SBA) Office of Capital Access supports the operations of Southeast Community Capital Corporation (Southeast Community Capital), a non-profit community development corporation, from July 1, 2023 to June 30, 2024. The SBA Microloan Program (CFDA 59.046) provides funding to Southeast Community Capital to offer microloans under $50,000, as well as training and technical assistance, to women, low-income, and minority...
The Small Business Administration (SBA) awarded Community Capital New York, Inc. $604,437 under the Microloan Program (CFDA #59.046) to provide microloans and business training/technical assistance to startup, newly established, and growing small businesses from July 2021 through September 2022. The Microloan Program aims to assist women, low-income, and minority entrepreneurs as well as small businesses in underserved areas through direct loans of $50,000 or less along with business-based...
The Small Business Administration (SBA) awarded a $133,962 Microloan Program (CFDA 59.046) formula grant to Cap Services Inc., a non-profit community development organization. The grant funding will be used to provide micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns, particularly those owned by women, low-income, and minority entrepreneurs. As a subrecipient, Cap Services Inc. has also administered support programs...
The Small Business Administration awarded $191,164.33 under the Microloan Program (CFDA #59.046) to Southeast Community Capital Corporation for the period of July 1, 2021 through June 7, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance to start-ups, new, and growing small businesses. As the sub-awardee, Southeast Community Capital will utilize the funding to provide microloans...
The U.S. Small Business Administration (SBA) awarded a $214,352 Project Grant under the Microloan Program (CFDA 59.046) to Community Capital New York, Inc. (doing business as Community Capital New YOR) on July 1, 2024. This funding will be used by the community development financial organization to provide microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities. The...