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
- SBAHQ23Y0141
- Recipient
-
Business Impact NW UEI JEEMY5V9N487
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $676,810
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Tukwila, WA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $676,810 Microloan Program (CFDA 59.046) Formula Grant to the Seattle Economic Development Fund, a Seattle-based non-profit organization. The grant funds will be used by the Seattle Economic Development Fund to provide microloans up to $50,000 and customized business and financial training to women, low-income, and minority entrepreneurs and small business owners from July 1, 2023 to June 30, 2024. The Microloan Program aims to assist those possessing the capability to operate successful business concerns in areas suffering from a lack of credit access. Seattle Economic Development Fund has a history of leveraging federal grants, including from the SBA, USDA, and Treasury's CDFI Fund, to deliver a range of services such as technical assistance, counseling, and access to capital to underserved entrepreneurs through its own programs and subawards with other organizations.
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 SBAHQ23Y0141?
SBAHQ23Y0141 was awarded to Business Impact NW by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0141 worth?
$676,810 has been obligated on SBAHQ23Y0141.
Which agency awarded SBAHQ23Y0141?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0141, with funding from Office of Capital Access (Small Business Administration).
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