The Small Business Administration awarded Prestamos Cdfi LLC $393,154 under the Microloan Program (CFDA 59.046) from July 1, 2023 to June 30, 2024. As a Community Development Financial Institution, Prestamos Cdfi LLC will utilize this funding to provide microloans of up to $50,000 and deliver business training and technical assistance to women, minority, and low-income entrepreneurs in Phoenix, Arizona. Through this project grant award, Prestamos Cdfi LLC aims to expand access to capital and...
The U.S. Small Business Administration (SBA) awarded a $113,822 Project Grant to PPEP Microbusiness and Housing Development Corporation (PMHDC) under the Microloan Program (CFDA 59.046). The grant, with a performance period from July 1, 2024, to June 30, 2025, will allow PMHDC to provide 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 in the Tucson, Arizona...
The Small Business Administration (SBA) awarded a $548,576 Formula Grant under the Microloan Program to the Seattle Economic Development Fund. The grant supports the SBA's Microloan Program (CFDA #59.046), which provides direct loans and grants to eligible non-profit microlenders. The microlenders then use these funds to provide micro-level loans of $50,000 or less, as well as business training and technical assistance, to support small businesses and entrepreneurs in starting, establishing, and...
The Small Business Administration (SBA) Microloan Program (CFDA 59.046) awarded a $240,000 formula grant to the New Mexico Community Development Loan Fund (CDLF), doing business as The Loan Fund, a non-profit community development financial institution. This grant enables CDLF to provide micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns in underserved communities in New Mexico. The Microloan Program aims to assist...
The Small Business Administration (SBA) awarded a $502,565 Formula Grant through the Microloan Program (CFDA 59.046) to the non-profit Community First Fund. The grant funding will enable Community First Fund, a Community Development Financial Institution (CDFI), to provide microloans, technical assistance, and training to start-up, newly established, and growing small business concerns, with a focus on serving women, low-income, and minority entrepreneurs and business owners in areas lacking...
The Small Business Administration (SBA) Microloan Program awarded a $544,747 formula grant to the Center For Rural Affairs Community Capital, a non-profit organization and community development corporation. This grant, effective from July 1, 2023 to June 30, 2024, will enable the organization to provide microloans, business training, counseling, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, low-income, and minority entrepreneurs and...
The Small Business Administration (SBA) awarded a $676,810 Microloan Program (CFDA 59.046) Formula Grant to the Seattle Economic Development Fund, a Seattle-based non-profit organization. The grant funds will be used by the Seattle Economic Development Fund to provide microloans up to $50,000 and customized business and financial training to women, low-income, and minority entrepreneurs and small business owners from July 1, 2023 to June 30, 2024. The Microloan Program aims to assist those...
The U.S. Small Business Administration (SBA) awarded a $729,305 Formula Grant under the Microloan Program (CFDA 59.046) to the Neighborhood Community Development Fund, a non-profit organization based in Pittsburgh, PA. Through this grant, the Neighborhood Community Development Fund will provide microloans up to $50,000 along with business training and technical assistance to start-up, newly established, and growing small businesses in the region. The Microloan Program aims to assist women,...
The Small Business Administration (SBA) awarded $534,368 under the Microloan Program (CFDA #59.046) to Ceds Finance of Aurora, Colorado for the period of July 1, 2021 to June 30, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans of under $100k, as well as business training and technical assistance, to support small businesses, especially those owned by women and minorities. This funding will allow Ceds Finance to deliver...
The Small Business Administration (SBA) awarded a $1,030,849 Formula Grant to Mountain Bizcapital Inc. through the Microloan Program (CFDA #59.046) to provide microloans and business assistance services from July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, Mountain Bizcapital Inc. will utilize the funding to issue micro-level loans of $50,000 or less to small businesses and entrepreneurs, as well as offer business training and technical assistance to support their...