Formula Grant SBAHQ24Y0114
- The U.S. Small Business Administration (SBA) awarded a $244,760 Microloan Program (CFDA 59.046) project grant to Life Asset, Inc., a non-profit organization located in Washington, DC. The grant, awarded on July 1, 2025 with an ultimate completion date of June 30, 2026, will enable Life Asset, Inc. to provide microloans up to $50,000, along with comprehensive business training, counseling, and technical assistance, to support women, minority, and low-income entrepreneurs and small businesses in...
- The Small Business Administration (SBA) awarded Life Asset, Inc. $363,297 under the Microloan Program (CFDA 59.046) Formula Grant for the period of July 1, 2021 through 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. The funding will allow Life Asset, Inc. to deliver microloans and entrepreneurship support services to...
- Life Asset, Inc. was awarded a $231,917 Formula Grant from the Small Business Administration (SBA) under the Microloan Program (CFDA #59.046) to provide microloans, business training, counseling and technical assistance to women, low-income, minority and other disadvantaged entrepreneurs and small business owners from July 1, 2023 to June 30, 2024. As a prime recipient of SBA Microloan Program funding, Life Asset, Inc. will deliver microloans of under $50,000 along with accompanying business...
- Life Asset, Inc. received a $621,982 Microloans and Technical Assistance Project Grant from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA #59.046). The grant will provide microloans and technical assistance to women, low-income, and minority entrepreneurs as well as small businesses in underserved areas from July 1, 2022 to June 30, 2023. The Microloan Program aims to expand access to credit for these individuals and businesses through the...
- The Small Business Administration (SBA) awarded a $1,035,354 Formula Grant to the Community Investment Corporation through the Microloan Program (CFDA #59.046). The grant provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance services to start-ups, new, and growing small businesses. Specifically, the Community Investment Corporation will use SBA funding from July 2022 to June 2023 to assist women, low-income, and...
- 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 $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) awarded a $178,069 Project Grant to the Washington Area Community Investment Fund, Inc. (WACIF) under the Microloan Program (CFDA 59.046). The grant will support WACIF's provision of technical assistance services to women, low-income, minority and other entrepreneurs in Washington, DC from July 1, 2022 to June 30, 2023. The Microloan Program aims to assist small businesses and entrepreneurs in underserved areas that lack access to credit by providing...
- The Small Business Administration (SBA) Microloan Program provided a $605,301 formula grant award to People Incorporated of Virginia, a non-profit community development organization, to support the delivery of microloans and business training/technical assistance to start-up, newly established, and growing small business concerns. This award, with a performance period of July 1, 2023 to June 30, 2024, is funded under the SBA's Microloan Program (CFDA 59.046), which aims to assist women,...
- The U.S. Small Business Administration (SBA) awarded a $111,660 Project Grant under the Microloan Program (CFDA 59.046) to Community Development Resources, a non-profit community development corporation, for the period of July 1, 2024 to June 30, 2025. This grant enables Community Development Resources to provide microloans up to $50,000 and accompanying technical assistance to women, low-income, and minority entrepreneurs as well as small businesses lacking access to credit in its local...
The U.S. Small Business Administration (SBA) awarded a $336,199 Formula Grant to Life Asset, Inc., a nonprofit organization in Washington, DC, under the SBA Microloan Program (CFDA 59.046). The grant funds will be used by Life Asset, Inc. to provide microloans up to $50,000 and technical assistance to women, low-income, and minority entrepreneurs and small businesses in underserved communities, with the goal of fostering entrepreneurship and economic development. Life Asset, Inc. has a history of delivering similar products and services through federal grants, including from the Community Development Financial Institutions Fund. This award, with a performance period from July 1, 2024, to June 30, 2025, is part of the SBA's consistent pattern of funding microfinance intermediaries across the United States to expand access to credit and business support for disadvantaged populations.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $336.2k | 7/1/24 |