This $134,545 Project Grant awarded by the U.S. Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) supports the New Mexico Community Development Loan Fund, doing business as The Loan Fund, a nonprofit community development financial institution. The funding enables The Loan Fund to provide microloans up to $50,000 and comprehensive business training and technical assistance to women, low-income, and minority entrepreneurs and small business...
The Small Business Administration Office of Capital Access awarded a $240,000 Project Grant to the New Mexico Community Development Loan Fund doing business as The Loan Fund through the Microloan Program (CFDA 59.046). The grant will support The Loan Fund in providing microloans to women, low-income, and minority entrepreneurs and small business owners in Albuquerque, New Mexico from July 1, 2022 to June 30, 2023. The Microloan Program aims to foster economic development in underserved areas...
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...
The U.S. Small Business Administration (SBA) awarded a $2,169,434 Microloan Program (CFDA 59.046) formula grant to Nybdc Local Development Corp, a nonprofit community development corporation and certified community development financial institution (CDFI). The grant, with a performance period from July 1, 2023 to June 30, 2024, enables Nybdc Local Development Corp to provide direct microloans under $100,000 and business training/technical assistance services to women, minority, and low-income...
The Women's Economic Self-Sufficiency Team, Corp. (Wesst) received a $232,916.94 Formula Grant award from the Small Business Administration (SBA) to provide microloans and business assistance services under the SBA's Microloan Program. The Microloan Program aims to assist women, low-income, and minority entrepreneurs through the provision of direct loans and grants to eligible non-profit microlenders. With this funding, Wesst will offer micro-level loans and business training/technical...
The Small Business Administration (SBA) awarded a $264,645 Microloan Program Formula Grant to Neighborhood Development Center Inc. to provide microloans and business training/technical assistance services from July 1, 2021 through June 30, 2022. The Microloan Program (CFDA #59.046) aims to assist entrepreneurs, business owners, and individuals in underserved areas by providing small, direct loans and supporting services to start-up, newly established, and growing small businesses. As a...
The Small Business Administration (SBA) awarded a $1,030,849 Formula Grant to Mountain Bizcapital Inc. through the Microloan Program (CFDA #59.046) to provide microloans and business assistance services from July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, Mountain Bizcapital Inc. will utilize the funding to issue micro-level loans of $50,000 or less to small businesses and entrepreneurs, as well as offer business training and technical assistance to support their...
This federal Project Grant award from the Small Business Administration (SBA) under the Microloan Program (CFDA 59.046) provides $254,931.00 to Communityworks, a certified Community Development Financial Institution (CDFI), to assist women, minority, and low-income entrepreneurs and small businesses. The funding will enable Communityworks to offer microloans up to $50,000 for working capital, inventory, supplies, equipment, and other business needs, as well as provide marketing, management,...
The Small Business Administration (SBA) Microloan Program awarded a $199,984 Formula Grant to the Southern Minnesota Initiative Foundation (SMIF) for the period of July 1, 2023 to June 30, 2024. Under this grant, SMIF will provide direct micro-loans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on women, low-income, and minority entrepreneurs and business owners. The SBA Microloan Program (CFDA 59.046) aims to...
The Small Business Administration (SBA) awarded Community Economic Development Fund Foundation, Inc. The a $596,397 Formula Grant under the Microloan Program (CFDA #59.046) for the period of July 1, 2023 to June 30, 2024. As a microlender under the SBA Microloan Program, Community Economic Development Fund provides microloans of $50,000 or less combined with business training and technical assistance services to start-up, newly established, and growing small businesses in the Meriden, CT area....