Training and technical assistance to SBA microloan borrowers and prospective borrowers
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ22Y0033
- Recipient
-
Mountain Bizcapital Inc. UEI C6ULKFNE5985
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,696,418
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding
-
- $848,209.00 Federal
- $848,209.00 Non-federal
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Asheville, NC, USA
Award details come from USAspending.gov.
About this award
Mountain Bizcapital Inc. was awarded a $1.7 million Project Grant from the Small Business Administration (SBA) Office of Capital Access to provide training and technical assistance to SBA Microloan borrowers and prospective borrowers from July 1, 2022 to June 30, 2023.
The grant funding supports Mountain Bizcapital's delivery of services under the SBA's Microloan Program (CFDA #59.046). This program aims to assist underserved entrepreneurs, including women, low-income individuals, and minorities, by providing small, short-term loans and business support services to help establish and strengthen small businesses in economically distressed areas with limited access to credit. Mountain Bizcapital will use the grant funds to deliver training and counseling to current and prospective Microloan borrowers to help strengthen their business operations and long-term success.
Quick answers
Who received award SBAHQ22Y0033?
SBAHQ22Y0033 was awarded to Mountain Bizcapital Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0033 worth?
$1,696,418 has been obligated on SBAHQ22Y0033: $848,209 in federal funding and $848,209 in non-federal funding.
Which agency awarded SBAHQ22Y0033?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0033, with funding from Office of Capital Access (Small Business Administration).
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