SEC. 6022 rmap-rural micro develop organizations grants (disc)

Federal Grant Award Summary

On June 25, 2025, the U.S. Department of Agriculture's Rural Business Cooperative Services awarded a $100,000 Project Grant to Fresno Community Development Financial Institution (doing business as Access Plus Capital) under the Rural Microentrepreneur Assistance Program (CFDA 10.870). This two-year award, with an ultimate completion date of June 25, 2027, will support the establishment of a microloan revolving fund specifically targeting rural microentrepreneurs in California. Access Plus Capital, a mission-driven Community Development Financial Institution (CDFI) with a demonstrated track record of serving underserved communities since 2007, will utilize these funds to capitalize the revolving fund and provide microloans of up to $50,000 to startup and growing rural microenterprises.

In addition to direct microloan capital, the grant enables Access Plus Capital to deliver comprehensive technical assistance and business support services to rural microentrepreneurs, including business training, entrepreneurship education, market development assistance, and operational support. As a CDFI with extensive experience serving minority, low-income, and disadvantaged business owners who lack access to traditional financing, Access Plus Capital is well-positioned to advance economic development and job creation in rural areas through this targeted financial and technical assistance initiative.