Great lakes womens bus council - MI

Ended Formula Grant Awarded

Award ID
SBAHQ24Y0124
Recipient
Awarding agency
Obligated
$285,361

Award facts

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

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Small Business Administration (SBA) awarded a $285,361 Formula Grant under the Microloan Program (CFDA 59.046) to the Great Lakes Women's Business Council (GLWBC), a non-profit organization and Community Development Corporation located in Livonia, Michigan. The grant period runs 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 accompanying technical assistance. Through this federal grant, GLWBC will use the funds to offer microloans, business training, technical assistance, and entrepreneurial counseling to small businesses in the Livonia area. This aligns with the program's objective of fostering entrepreneurship and economic development in regions lacking traditional credit access.

Quick answers

Who received award SBAHQ24Y0124?

SBAHQ24Y0124 was awarded to Great Lakes Womens Business Council by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0124 worth?

$285,361 has been obligated on SBAHQ24Y0124.

Which agency awarded SBAHQ24Y0124?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0124, with funding from Office of Capital Access (Small Business Administration).

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