Mountain association for community econ DEV - KY

Ended Formula Grant Awarded

Award ID
SBAHQ24Y0106
Recipient
Awarding agency
Obligated
$213,579

Award facts

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

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

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.

Quick answers

Who received award SBAHQ24Y0106?

SBAHQ24Y0106 was awarded to Mountain Association For Community Econo by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0106 worth?

$213,579 has been obligated on SBAHQ24Y0106.

Which agency awarded SBAHQ24Y0106?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0106, with funding from Office of Capital Access (Small Business Administration).

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