Microloans and technical assistance - 2022/2023

Ended Project Grant Awarded Last action

Award ID
SBAHQ22Y0040
Recipient
Awarding agency
Obligated
$621,982

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding
  • $310,991.00 Federal
  • $310,991.00 Non-federal
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Washington, DC, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

Life Asset, Inc. received a $621,982 Microloans and Technical Assistance Project Grant from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA #59.046). The grant will provide microloans and technical assistance to women, low-income, and minority entrepreneurs as well as small businesses in underserved areas from July 1, 2022 to June 30, 2023. The Microloan Program aims to expand access to credit for these individuals and businesses through the SBA, as many lack access due to insufficient collateral or credit histories. Life Asset, Inc. will deliver microloans of under $50,000 and offer training and counseling to strengthen small operations and help them succeed.

Quick answers

Who received award SBAHQ22Y0040?

SBAHQ22Y0040 was awarded to Life Asset, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.

How much is award SBAHQ22Y0040 worth?

$621,982 has been obligated on SBAHQ22Y0040: $310,991 in federal funding and $310,991 in non-federal funding.

Which agency awarded SBAHQ22Y0040?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0040, with funding from Office of Capital Access (Small Business Administration).

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