Project Grant SBAHQ09Y0114

The Small Business Administration (SBA) Microloan Program (CFDA 59.046) awarded a $240,000 formula grant to the New Mexico Community Development Loan Fund (CDLF), doing business as The Loan Fund, a non-profit community development financial institution. This grant enables CDLF to provide micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns in underserved communities in New Mexico. The Microloan Program aims to assist...

The Small Business Administration Office of Capital Access awarded a $153,767 Formula Grant to Women's Economic Self-Sufficiency Team, Corp. (WESST) under the Microloan Program (CFDA 59.046) to provide training, consulting, and lending services to women entrepreneurs, minority business owners, and economically disadvantaged individuals seeking to start or expand a small business. Specifically, the grant supports WESST's delivery of microloans under $50,000, capacity building training, customized...

The Small Business Administration Office of Capital Access awarded a $240,000 Project Grant to the New Mexico Community Development Loan Fund doing business as The Loan Fund through the Microloan Program (CFDA 59.046). The grant will support The Loan Fund in providing microloans to women, low-income, and minority entrepreneurs and small business owners in Albuquerque, New Mexico from July 1, 2022 to June 30, 2023. The Microloan Program aims to foster economic development in underserved areas...

The Women's Economic Self-Sufficiency Team, Corp. (Wesst) received a $232,916.94 Formula Grant award from the Small Business Administration (SBA) to provide microloans and business assistance services under the SBA's Microloan Program. The Microloan Program aims to assist women, low-income, and minority entrepreneurs through the provision of direct loans and grants to eligible non-profit microlenders. With this funding, Wesst will offer micro-level loans and business training/technical...

The U.S. Small Business Administration (SBA) awarded a $134,545 Project Grant under the SBA Microloan Program (CFDA 59.046) to the New Mexico Community Development Loan Fund (The Loan Fund), a non-profit community development financial institution located in Albuquerque, New Mexico. This grant, effective from July 1, 2024 to June 30, 2025, enables The Loan Fund to provide microloans up to $50,000 and comprehensive business training and technical assistance to women, low-income, and minority...

Community Enterprise Investments, Inc. was awarded a $114,676 project grant from the Small Business Administration (SBA) under the Microloan Program (CFDA #59.046) to provide microloans and business development services from July 1, 2023 to June 30, 2024. As a Community Development Financial Institution located in Pensacola, Florida specializing in SBA Loans and affordable housing, Community Enterprise Investments will utilize the funding to distribute microloans of under $50K along with...

The U.S. Small Business Administration (SBA) awarded a $250,000 Project Grant under the Program for Investment in Microentrepreneurs (PRIME) CFDA 59.050 to the Women's Economic Self-Sufficiency Team, Corp. (Wesst) for the period of September 30, 2023 to September 29, 2024. The grant will support Wesst, a non-profit organization, in providing training, consulting, and technical assistance to promote economic self-sufficiency and remove barriers for women-owned small businesses in Albuquerque, New...

New Mexico Community Capital (NMCC) will leverage partnerships to provide technology training and access to online markets for Native-owned enterprises in central and northern New Mexico under a $1,391,374.60 Project Grant from the Department of Commerce Economic Development Administration (EDA). Specifically, NMCC will implement a three-tier entrepreneurial support strategy utilizing $1.39 million in EDA funding provided under the Economic Adjustment Assistance (EAA) program. Over an 18-month...

The U.S. Small Business Administration's (SBA) Office of Capital Access awarded a $290,000 Project Grant under the Program for Investment in Microentrepreneurs (PRIME) to Nusenda Credit Union, a Community Development Financial Institution (CDFI) serving New Mexico. The award, with a project period from September 30, 2024 to September 29, 2025, will support Nusenda Credit Union in providing training, technical assistance, and capacity-building services to disadvantaged microentrepreneurs and...

The Minority Business Development Agency awarded New Mexico State University $600,000 under the MBDA Business Center - American Indian and Alaska Native federal grant program to provide strategic business consulting services and deal making assistance to American Indian, Alaska Native, and Native Hawaiian-owned firms through August 31, 2023. The focus of this MBDA Project Grant is on job creation, economic impact, and retention for tribal communities and businesses through innovative outreach...