Liftfund INC. - TX
Ended Formula Grant Awarded
- Award ID
- SBAHQ24Y0076
- Recipient
-
Liftfund Inc. UEI ZW2LP2T9CKF2
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,337,520
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- San Antonio, TX, USA
Award details come from USAspending.gov.
About this award
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.
Quick answers
Who received award SBAHQ24Y0076?
SBAHQ24Y0076 was awarded to Liftfund Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0076 worth?
$1,337,520 has been obligated on SBAHQ24Y0076.
Which agency awarded SBAHQ24Y0076?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0076, with funding from Office of Capital Access (Small Business Administration).
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