The Small Business Assistance Corporation (SBAC) was awarded a $1.8 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant will support SBAC's efforts to provide financial assistance and related services to small businesses through September 30, 2023. As the coronavirus pandemic impacted the economy, this funding will allow SBAC to help small businesses prepare for and...
The Small Business Assistance Corp (SBAC) was awarded a $222,857 Project Grant by the U.S. Small Business Administration (SBA) under the SBA's Microloan Program (CFDA 59.046). The grant will be used by SBAC, a non-profit business development organization, to provide microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities in the Savannah, GA area. The goal of the...
The Small Business Assistance Corporation received a $610,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program. The three-year award will support the organization's work to promote economic revitalization and community development through investment in and assistance to certified and emerging Community Development Financial Institutions. Specifically, the funding will be used...
The Small Business Administration (SBA) awarded a $256,136 Formula Grant to the Small Business Assistance Corporation (SBAC) through the Microloan Program (CFDA 59.046) to provide microloans, training, and technical assistance to start-up and growing small businesses in Savannah, Georgia from July 1, 2023 to June 30, 2024. As a non-profit business development organization licensed by SBA, SBAC utilizes the funding to deliver micro-level loans of $100k or less along with business training and...
This $900,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program, provided to Small Business Assistance Corp, aims to invest in and build the capacity of the organization as a certified CDFI. The funding will enable Small Business Assistance Corp, a non-profit community development corporation based in Savannah, Georgia, to deliver financial services, microloans, business development support, and technical assistance to...
The California Capital Small Business Financial Development Corporation, doing business as California Capital SBDC, will provide $608,141 in small business lending and technical assistance services under a Project Grant award from the Department of the Treasury Community Development Financial Institutions Fund. The grant funding supports the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033), which provides grants to Community Development...
The Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) awarded $6,118,187 to Accompany Capital Inc., doing business as Business Center For New Americans, to provide financial services and business assistance to underserved communities through September 2028. As a non-profit community development organization, Accompany Capital will use the funding to expand lending, grant making, and investment activities in low- and...
Southeast Community Capital Corporation received a $4,957,678 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide microloans, training, and technical assistance through December 2028. As a Community Development Financial Institution and microlender, Southeast Community Capital will utilize the grant funding to expand lending, grant making, and investment activities in low- and moderate-income...
The Community Development Financial Institutions Fund (CDFI Fund) within the Department of the Treasury awarded CBA Fund a $500,000 grant under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP). The CDFI ERP provides grants to Community Development Financial Institutions (CDFIs) to respond to economic impacts of the COVID-19 pandemic by expanding lending, grant making, and investment activity in low- and moderate-income communities disproportionately...
Cooperative Business Assistance Corporation was awarded a $500,000 project grant from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide microloans, technical assistance, and capacity building services through June 2028. The CDFI ERP aims to expand lending and investments in low- and moderate-income communities disproportionately impacted by COVID-19. Through this funding, Cooperative Business Assistance Corporation will...