Prestamos cdfi LLC - AZ

Ended Formula Grant Awarded

Award ID
SBAHQ24Y0096
Recipient
Awarding agency
Obligated
$501,916

Award facts

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

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Small Business Administration (SBA) awarded a $501,916 Formula Grant to Prestamos CDFI LLC in Phoenix, AZ under the agency's Microloan Program (CFDA 59.046). This federal grant program provides funding to nonprofit community development financial institutions (CDFIs) to offer microloans up to $50,000 and technical assistance to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities.

Through this award, Prestamos CDFI LLC will utilize the $501,916 in funding to expand its lending, investments, and services that assist small business growth in underserved markets across the United States. As a CDFI and microfinance lender, Prestamos CDFI LLC provides microloans, training, and capacity building services to help women, minority, and low-income entrepreneurs establish and grow their small businesses and microenterprises.

Quick answers

Who received award SBAHQ24Y0096?

SBAHQ24Y0096 was awarded to Prestamos Cdfi LLC by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0096 worth?

$501,916 has been obligated on SBAHQ24Y0096.

Which agency awarded SBAHQ24Y0096?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0096, with funding from Office of Capital Access (Small Business Administration).

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