2022 SBA micro TA grant
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ22Y0026
- Recipient
-
Sabre Finance UEI PUXFD7XK1MU3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,404,538
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding
-
- $702,269.00 Federal
- $702,269.00 Non-federal
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Birmingham, AL, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $1,404,538 project grant to Venturesouth, doing business as Sabre Finance, through the Microloan Program (CFDA 59.046). The grant will support Venturesouth's provision of microloans and technical assistance services to women, low-income, and minority entrepreneurs in Birmingham, Alabama from July 1, 2022 to June 30, 2023.
The Microloan Program aims to foster entrepreneurship and small business growth in economically disadvantaged communities through access to small, short-term loans along with business counseling. Under this award, Venturesouth will leverage the SBA funding to provide microloans of $35k or less to local entrepreneurs who lack access to conventional sources of credit. Technical assistance services will also be offered to help microloan recipients develop and strengthen their small businesses over the course of the 12-month project period.
Quick answers
Who received award SBAHQ22Y0026?
SBAHQ22Y0026 was awarded to Sabre Finance by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0026 worth?
$1,404,538 has been obligated on SBAHQ22Y0026: $702,269 in federal funding and $702,269 in non-federal funding.
Which agency awarded SBAHQ22Y0026?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0026, with funding from Office of Capital Access (Small Business Administration).
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