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
- SBAHQ23Y0132
- Recipient
-
Bridgeway Capital Inc. UEI LNAWXF1XDX57
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $303,268
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Pittsburgh, PA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $303,268 Formula Grant under the Microloan Program (CFDA 59.046) to Bridgeway Capital Inc., a non-profit community development financial institution, to provide microloans, business training, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, low-income, and minority entrepreneurs and businesses in western Pennsylvania, eastern Ohio, and northern West Virginia. The grant period is from July 1, 2023, to June 30, 2024. The Microloan Program aims to assist small business concerns and individuals that lack access to credit in underserved areas.
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 SBAHQ23Y0132?
SBAHQ23Y0132 was awarded to Bridgeway Capital Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0132 worth?
$303,268 has been obligated on SBAHQ23Y0132.
Which agency awarded SBAHQ23Y0132?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0132, with funding from Office of Capital Access (Small Business Administration).
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