The Small Business Administration (SBA) awarded a $236,232 Microloan Program (CFDA #59.046) formula grant to Neighborhood Development Center Inc., a non-profit community development corporation located in St. Paul, Minnesota. This grant enables Neighborhood Development Center Inc. to provide direct microloans of under $50,000 to start-up and growing small businesses, as well as pre-loan and post-loan training and technical assistance for business planning and operations. This federal grant...
The Small Business Administration (SBA) awarded a $264,645 Microloan Program Formula Grant to Neighborhood Development Center Inc. to provide microloans and business training/technical assistance services from July 1, 2021 through June 30, 2022. The Microloan Program (CFDA #59.046) aims to assist entrepreneurs, business owners, and individuals in underserved areas by providing small, direct loans and supporting services to start-up, newly established, and growing small businesses. As a...
The Neighborhood Development Center Inc. was awarded a $713,002 Project Grant from the Small Business Administration Office of Capital Access under the Microloan Program (CFDA 59.046) to provide pre-loan and post-loan technical assistance to support small businesses from July 1, 2022 to June 30, 2023. The Microloan Program aims to assist entrepreneurs and small business owners in underserved areas by providing credit and support services. Under this award, Neighborhood Development Center will...
The Small Business Administration (SBA) Microloan Program awarded a $128,641 Formula Grant to the African Development Center, a nonprofit organization that serves underserved entrepreneurs and small businesses in Minnesota, particularly African immigrant and refugee communities. This funding supports the African Development Center's provision of microloans, business training, and technical assistance to start-up, newly established, and growing small business concerns. Specifically, the grant...
The U.S. Small Business Administration (SBA) awarded a $1,600,000 Congressional Grants Program (CFDA 59.059) Project Grant to Neighborhood Development Center Inc., a non-profit community development corporation in St. Paul, Minnesota. The grant will fund a 5-year initiative to support small business development and entrepreneurship, including providing direct microloans under $50,000, pre-loan business planning assistance, post-loan technical support, training services, and operational...
The Small Business Administration (SBA) awarded a $184,483 Microloan Program (CFDA #59.046) formula grant to the Northwest Minnesota Foundation, a non-profit organization and foundation. This funding enables the Northwest Minnesota Foundation to provide micro-level loans of $50,000 or less, as well as business training and technical assistance, to start-ups, newly established, and growing small businesses in Bemidji, Minnesota and the surrounding region. The grant supports the Foundation's...
The Small Business Administration (SBA) awarded $1.76 million to Northeast Entrepreneur Fund, Inc. through the Microloan Program (CFDA #59.046) 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 start-ups, newly established and growing small businesses. Northeast Entrepreneur Fund, Inc. will utilize...
The Small Business Administration (SBA) awarded $214,347 under the Microloan Program (CFDA #59.046) Formula Grant to Womenventure in Minneapolis, Minnesota 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, and growing small businesses. This particular award allows Womenventure to further the Program's goals of...
The Small Business Administration (SBA) awarded a $206,883 Project Grant under the Microloan Program (CFDA 59.046) to the Southwest Initiative Foundation, a non-profit organization based in Hutchinson, Minnesota. This grant, with a performance period from July 1, 2024 to June 30, 2025, will enable the Southwest Initiative Foundation to provide microloans up to $50,000 and technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in...
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,...