Microloan program

Ended Project Grant Awarded Last action

Award ID
SBAHQ22Y0031
Recipient
Awarding agency
Obligated
$450,000

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding
  • $225,000.00 Federal
  • $225,000.00 Non-federal
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Springfield, MA, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

Common Capital, Inc. was awarded a $450,000 Project Grant from the Small Business Administration Office of Capital Access under the Microloan Program (CFDA 59.046) for the period of July 1, 2022 to June 30, 2023.

The Microloan Program aims to assist women, low-income, and minority entrepreneurs as well as small business owners and individuals in underserved areas by providing access to credit and related services. Common Capital will utilize the funding to deliver microloans and technical assistance to small businesses and entrepreneurs in Springfield, Massachusetts that otherwise lack access to capital, in support of the Program's goal of fostering entrepreneurship and small business growth in disadvantaged communities. Way Finders, Inc. is the disclosed parent organization of Common Capital.

Quick answers

Who received award SBAHQ22Y0031?

SBAHQ22Y0031 was awarded to Common Capital, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.

How much is award SBAHQ22Y0031 worth?

$450,000 has been obligated on SBAHQ22Y0031: $225,000 in federal funding and $225,000 in non-federal funding.

Which agency awarded SBAHQ22Y0031?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0031, with funding from Office of Capital Access (Small Business Administration).

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