Formula Grant SBAHQ24Y0076
- The Small Business Administration (SBA) awarded a $1,120,557 Formula Grant to Liftfund Inc., doing business as Accion, through the Microloan Program. The Microloan Program (CFDA #59.046) 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. With this funding, Liftfund Inc. will deliver microloans and business support services from July 1, 2021 to June 30, 2022...
- Federal Project Grant Award Summary Liftfund Inc. (operating as Accion) received a $971,434 Project Grant from the Small Business Administration's (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046), effective July 1, 2025 through June 30, 2026. As a Community Development Financial Institution (CDFI) headquartered in San Antonio, Texas, Liftfund will utilize these funds to provide microloans up to $50,000 and accompanying technical assistance to underserved entrepreneurs and...
- The Small Business Administration (SBA) has awarded a $1,374,473 Microloan Program (CFDA 59.046) formula grant to Liftfund Inc., doing business as Accion, a nonprofit community development financial institution. This funding will enable Accion to provide microloans under $50,000, as well as business training and technical assistance, to startups, minority-owned, women-owned, and other underserved small businesses in San Antonio, TX and the surrounding region. Accion has extensive experience...
- Liftfund Inc., doing business as Accion, will provide small business financing and support services to entrepreneurs in Texas and New Mexico under a $1,000,000 Project Grant award from the Small Business Administration (SBA) Office of the Chief Operating Officer. The grant falls under the SBA's Congressional Grants program (CFDA #59.059), which provides funding for small business development and entrepreneurship initiatives. Specifically, Accion will use the grant to issue microloans of under...
- The Small Business Administration (SBA) awarded a $1.92 million Formula Grant to Ascendus, Inc. doing business as Accion USA through the Microloan Program (CFDA #59.046) to provide microloans and business training/technical assistance to small businesses from July 2022 to June 2023. The Microloan Program aims to assist entrepreneurs and business owners in underserved areas through direct loans of up to $50,000 and grants to intermediary microlenders. As the sub-awardee, Accion USA will...
- The Small Business Administration (SBA) awarded a $661,624 Formula Grant under the Microloan Program (CFDA 59.046) to the non-profit organization Ascendus, Inc. (doing business as Accion USA). The grant, effective July 1, 2023 through June 30, 2024, will enable Ascendus to provide direct loans 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 in areas lacking access to...
- This $150,000 Project Grant was awarded on Sep 30, 2023 by the U.S. Small Business Administration (SBA) Office of Entrepreneurial Development under the Women's Business Ownership Assistance Program (CFDA 59.043). The grant funds Liftfund Inc., doing business as Accion, a non-profit community development financial institution, to provide training, counseling, and technical assistance to small businesses owned and controlled by women, with an emphasis on socially and economically disadvantaged...
- 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...
- This federal Project Grant award of $150,000 was provided by the Small Business Administration (SBA) under the Women's Business Ownership Assistance Program (CFDA 59.043). The grant recipient, Liftfund Inc. (doing business as Accion), is a non-profit community development financial institution that provides small business loans, microloans, technical assistance, and other services to diverse entrepreneurs, including startups, minorities, veterans, and women. Through this funding, Liftfund Inc....
- The Liftfund Inc., doing business as Accion, received a $200,000 Project Grant award from the Small Business Administration Office of Capital Access under the Prime Technical Assistance federal grant program (CFDA 59.050). The grant funding will support Accion's delivery of technical assistance and capacity building services to microenterprises and microentrepreneurs in San Antonio, Texas from September 30, 2022 through September 29, 2023. Specifically, Accion will provide training to increase...
This $1,337,520 Formula Grant award to Liftfund Inc. (doing business as Accion) was provided by the U.S. Small Business Administration (SBA) under the Microloan Program (CFDA 59.046). The grant supports Liftfund's delivery of microloans up to $50,000 and related technical assistance to underserved entrepreneurs and small businesses, particularly those owned by women, minorities, and low-income individuals in economically disadvantaged regions. As a Community Development Financial Institution (CDFI), Liftfund leverages this federal funding to provide comprehensive financial and capacity-building services that foster entrepreneurship and economic development in its target communities across Texas, New Mexico, and other areas. The award has a performance period from July 1, 2024, to June 30, 2025.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $1.3m | 7/1/24 |