Mountain bizcapital INC.

Ended Formula Grant Awarded

Award ID
SBAHQ24Y0090
Recipient
Awarding agency
Obligated
$614,102

Award facts

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

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Small Business Administration (SBA) awarded a $614,102 Formula Grant under the Microloan Program (CFDA 59.046) to Mountain Bizcapital Inc., a non-profit community development corporation in Asheville, North Carolina. This grant funding enables Mountain Bizcapital to provide microloans up to $50,000 and technical assistance services to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities. The grant period runs from July 1, 2024, to June 30, 2025. As a certified Community Development Financial Institution (CDFI), Mountain Bizcapital leverages federal and local resources to deliver a range of financial and technical assistance services, including business coaching, entrepreneurship education, and support for establishing, strengthening, and expanding small business operations in economically distressed areas with limited access to traditional credit.

Quick answers

Who received award SBAHQ24Y0090?

SBAHQ24Y0090 was awarded to Mountain Bizcapital Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0090 worth?

$614,102 has been obligated on SBAHQ24Y0090.

Which agency awarded SBAHQ24Y0090?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0090, with funding from Office of Capital Access (Small Business Administration).

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