Training and technical assistance to SBA microloan program borrowers and prospective borrowers

Ended Project Grant Awarded Last action

Award ID
SBAHQ22Y0003
Recipient
Awarding agency
Obligated
$469,540

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding
  • $234,770.00 Federal
  • $234,770.00 Non-federal
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Hutchinson, MN 55350, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Southwest Initiative Foundation received a $469,540 Project Grant award from the Small Business Administration (SBA) Office of Capital Access. The grant funds training and technical assistance services for current and prospective borrowers of the SBA Microloan Program between July 1, 2022 and June 30, 2023.

The SBA Microloan Program (CFDA #59.046) aims to assist entrepreneurs and small business owners in underserved areas by providing access to small, short-term loans and business support services. As the grant recipient, Southwest Initiative Foundation will deliver training and technical assistance to strengthen borrowers' business operations and support community development in Hutchinson, Minnesota. The services funded seek to foster entrepreneurship and small business growth, in keeping with the goals of the Microloan Program.

Quick answers

Who received award SBAHQ22Y0003?

SBAHQ22Y0003 was awarded to Southwest Initiative Foundation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.

How much is award SBAHQ22Y0003 worth?

$469,540 has been obligated on SBAHQ22Y0003: $234,770 in federal funding and $234,770 in non-federal funding.

Which agency awarded SBAHQ22Y0003?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0003, with funding from Office of Capital Access (Small Business Administration).

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