Peoplefund - TX
Ended Formula Grant Awarded
- Award ID
- SBAHQ24Y0078
- Recipient
-
Peoplefund UEI MJ6LY78SHJR8
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,016,129
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Austin, TX, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $1,016,129 Formula Grant under the Microloan Program (CFDA 59.046) to Peoplefund, a non-profit community development corporation and Community Development Financial Institution (CDFI) based in Austin, Texas. The grant period runs from July 1, 2024 to June 30, 2025.
The Microloan Program provides funding to nonprofit intermediary lenders like Peoplefund to offer microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities. The goal is to foster entrepreneurship and economic development in areas lacking traditional credit access. Peoplefund specializes in empowering minority-owned, women-owned, and low-income businesses by offering critical financial resources and support services.
Quick answers
Who received award SBAHQ24Y0078?
SBAHQ24Y0078 was awarded to Peoplefund by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0078 worth?
$1,016,129 has been obligated on SBAHQ24Y0078.
Which agency awarded SBAHQ24Y0078?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0078, with funding from Office of Capital Access (Small Business Administration).
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