Formula Grant SBAHQ24Y0106

Award Date 7/1/24
Completion Date 6/30/25
Dollars Obligated $214K
Funding Federal Agency
Office of Capital Access
Federal Grant Program
59.046
Assistance Type
Formula Grant
Place of Performance
Berea, KY, USA
Similar Awards
The Small Business Administration (SBA) Microloan Program awarded a $275,000 formula grant to Mountain Association for Community Economic (doing business as Mountain Association), a non-profit organization and community development corporation based in Berea, Kentucky. The grant will support Mountain Association's delivery of technical assistance, training, and small business lending services to women, low-income, and minority entrepreneurs and small business owners across Appalachian...
The Mountain Association for Community Economic Dev., Inc. received a $166,054.04 Formula Grant award from the Small Business Administration (SBA) Office of Capital Access to provide microloans and business assistance services under the Microloan Program. The goal of the Microloan Program is to assist entrepreneurs and small business owners in underserved areas through the provision of small, short-term loans along with accompanying training and technical assistance services. The grant period...
The Small Business Administration (SBA) awarded $490,128 under the Microloan Program (CFDA #59.046) to Kentucky Highlands Investment Corporation. This Formula Grant will support Kentucky Highlands in providing microloans and business assistance to entrepreneurs and small business owners from July 2021 to June 2022. As an intermediary lender under the SBA Microloan Program, Kentucky Highlands will utilize the funding to issue micro-level loans of $50,000 or less to eligible startup, newly...
The U.S. Small Business Administration (SBA) awarded a $606,177 Formula Grant to Kentucky Highlands Investment Corporation, a non-profit community development corporation, under the SBA Microloan Program (CFDA 59.046). The grant provides direct loans and technical assistance funding to enable Kentucky Highlands Investment Corporation to offer micro-level loans, business training, and technical support to start-up, newly established, and growing small businesses, with a focus on assisting...
The Small Business Administration (SBA) awarded $328,353.88 through its Microloan Program to Southeast Kentucky Economic Development 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 and business training/technical assistance to start-ups, new businesses and growing small concerns. Specifically, Southeast Kentucky Economic Development will utilize the funding to provide...
The Small Business Administration (SBA) awarded a $339,470 Formula Grant to Southeast Kentucky Economic Development, a 36-year-old non-profit organization, to provide microloans, financial counseling, and technical assistance to start-up, newly established, and growing small businesses under the SBA Microloan Program (CFDA 59.046). This funding will enable Southeast Kentucky Economic Development to deliver a range of services, including lending, recruitment and expansion support, and training,...
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...
The Small Business Administration (SBA) Office of Capital Access awarded a $655,382 Project Grant to Southeast Kentucky Economic Development to provide training and technical assistance to SBA Microloan borrowers and prospective borrowers. The grant period runs from July 1, 2022 to June 30, 2023. The award is being administered under the SBA's Microloan Program (CFDA #59.046), which aims to assist entrepreneurs, business owners, and individuals in underserved areas by expanding access to...
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...
The Small Business Administration (SBA) awarded a $721,832 Microloan Program (CFDA 59.046) grant to Community Ventures Corporation, Inc., a Kentucky-based non-profit organization and certified Community Development Financial Institution (CDFI). This grant will enable Community Ventures to provide microloans up to $50,000 and technical assistance to women, minority, and low-income entrepreneurs, as well as small businesses in economically disadvantaged areas suffering from a lack of credit...

The U.S. Small Business Administration (SBA) awarded a $213,579 Formula Grant under the Microloan Program (CFDA 59.046) to the Mountain Association for Community Economic Development (Mountain Association), a non-profit organization and community development corporation based in Berea, Kentucky. The grant period runs from July 1, 2024, to June 30, 2025.

Through this Microloan Program grant, Mountain Association will provide microloans up to $50,000 and accompanying technical assistance to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities across Appalachian Kentucky. The funding will enable Mountain Association to offer a comprehensive suite of services, including business lending, entrepreneurship support, renewable energy consulting, and community revitalization efforts within its service area.

Generated 4/8/25, 3:44 AM