This federal Formula Grant award from the Small Business Administration's (SBA) Microloan Program (CFDA 59.046) provides $1,016,129.00 to Peoplefund, a non-profit community development corporation and Community Development Financial Institution (CDFI) based in Austin, Texas. The funding will enable Peoplefund to offer microloans up to $50,000 and provide business training, technical assistance, and financial literacy education to start-up, newly established, and growing small businesses, with a focus on serving women, minorities, and low-income entrepreneurs in underserved communities. Peoplefund is also a sub-awardee of this federal grant, and as part of the award, the organization will leverage its expertise to support and empower small businesses in the local Austin, Texas area. The grant period runs from July 1, 2024, to June 30, 2025.
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