People incorporated of virginia - VA
Ended Formula Grant Awarded
- Award ID
- SBAHQ24Y0099
- Recipient
-
People Incorporated Of Virginia UEI W3YDLBPBALF7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $435,735
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Abingdon, VA, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration awarded a $435,735 Formula Grant to People Incorporated of Virginia under the Microloan Program (CFDA 59.046). The award period is from July 1, 2024 to June 30, 2025. The Microloan Program is designed to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities, by providing microloans up to $50,000 and technical assistance through nonprofit intermediary lenders.
Through this grant, People Incorporated of Virginia, a community development organization, will deliver services including affordable housing assistance, small business microloans, tax preparation, violence prevention programs, and more. Past federal grants have enabled People Incorporated to serve as a microlender under the SBA Microloan program, disbursing over $600,000 in microloans and technical aid to small business owners in 2023-2024. The organization has also received grants from agencies like HUD, HHS, USDA, and Treasury to support a range of community development initiatives.
Quick answers
Who received award SBAHQ24Y0099?
SBAHQ24Y0099 was awarded to People Incorporated Of Virginia by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0099 worth?
$435,735 has been obligated on SBAHQ24Y0099.
Which agency awarded SBAHQ24Y0099?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0099, with funding from Office of Capital Access (Small Business Administration).
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