Forge - AR

Ended Formula Grant Awarded

Award ID
SBAHQ24Y0081
Recipient
Awarding agency
Obligated
$937,657

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Huntsville, AR 72740, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Small Business Administration (SBA) has awarded a $937,657 Formula Grant under the Microloan Program (CFDA 59.046) to Forge Financing Ozarks Rural Growth And Economy, a non-profit organization based in Huntsville, AR. This award, effective from July 1, 2024 to June 30, 2025, supports Forge's efforts to provide microloans of $50,000 or less, as well as business training and counseling services, to entrepreneurs, small businesses, and farms in Arkansas and surrounding states. Forge is an experienced microlender under the SBA Microloan Program, having received over $2.3 million in formula grants from the SBA's Office of Capital Access over the past five fiscal years. These funds have enabled Forge to deliver direct microfinancing and advisory services to startups and growing small businesses in underserved communities, thereby fostering economic development and access to credit in the region.

Quick answers

Who received award SBAHQ24Y0081?

SBAHQ24Y0081 was awarded to Forge Financing Ozark Rural Growth And Economy by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0081 worth?

$937,657 has been obligated on SBAHQ24Y0081.

Which agency awarded SBAHQ24Y0081?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0081, with funding from Office of Capital Access (Small Business Administration).

On GovTribe

See this award's full record

  • Every transaction and subaward
  • The recipient's other awards and teaming partners
  • Similar grant awards
  • Ask GovTribe AI about this award
Try for free Login