The U.S. Small Business Administration (SBA) awarded a $134,545 Project Grant under the Microloan Program (CFDA 59.046) to the New Mexico Community Development Loan Fund (The Loan Fund), a nonprofit community development financial institution in Albuquerque, New Mexico. The grant funding enables The Loan Fund to provide microloans up to $50,000 and technical assistance to small businesses, with a particular focus on supporting women, minority, and low-income entrepreneurs in underserved...
The Small Business Administration (SBA) Microloan Program (CFDA 59.046) awarded a $240,000 formula grant to the New Mexico Community Development Loan Fund (CDLF), doing business as The Loan Fund, a non-profit community development financial institution. This grant enables CDLF to provide micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns in underserved communities in New Mexico. The Microloan Program aims to assist...
The Small Business Administration Office of Capital Access awarded a $153,767 Formula Grant to Women's Economic Self-Sufficiency Team, Corp. (WESST) under the Microloan Program (CFDA 59.046) to provide training, consulting, and lending services to women entrepreneurs, minority business owners, and economically disadvantaged individuals seeking to start or expand a small business. Specifically, the grant supports WESST's delivery of microloans under $50,000, capacity building training, customized...
The Women's Economic Self-Sufficiency Team, Corp. (Wesst) received a $232,916.94 Formula Grant award from the Small Business Administration (SBA) to provide microloans and business assistance services under the SBA's Microloan Program. The Microloan Program aims to assist women, low-income, and minority entrepreneurs through the provision of direct loans and grants to eligible non-profit microlenders. With this funding, Wesst will offer micro-level loans and business training/technical...
The U.S. Small Business Administration (SBA) awarded a $206,210 Project Grant under the Microloan Program (CFDA 59.046) to the Women's Economic Self-Sufficiency Team, Corp. (Wesst), a non-profit organization in Albuquerque, New Mexico. The grant, with a performance period from July 1, 2024 to June 30, 2025, will enable Wesst to provide microloans up to $50,000 and technical assistance to support small businesses, particularly those owned by women, minorities, and low-income individuals in...
This $1,337,520 Formula Grant award to Liftfund Inc. (doing business as Accion) was provided by the U.S. Small Business Administration (SBA) under the Microloan Program (CFDA 59.046). The grant supports Liftfund's delivery of microloans up to $50,000 and related technical assistance to underserved entrepreneurs and small businesses, particularly those owned by women, minorities, and low-income individuals in economically disadvantaged regions. As a Community Development Financial Institution...
This federal Project Grant award from the Small Business Administration (SBA) under the Microloan Program (CFDA 59.046) provides $254,931.00 to Communityworks, a certified Community Development Financial Institution (CDFI), to assist women, minority, and low-income entrepreneurs and small businesses. The funding will enable Communityworks to offer microloans up to $50,000 for working capital, inventory, supplies, equipment, and other business needs, as well as provide marketing, management,...
The Small Business Administration Office of Capital Access awarded a $424,318 project grant to the Nebraska Enterprise Fund on July 1, 2022 through the Microloan Program (CFDA 59.046). The grant will support the Fund in providing microloans and technical assistance to small businesses in Oakland, Nebraska through June 30, 2023. The Microloan Program aims to assist women, low-income, and minority entrepreneurs as well as small businesses in underserved areas that lack access to credit. The Fund...
The Small Business Administration (SBA) Microloan Program awarded a $544,747 formula grant to the Center For Rural Affairs Community Capital, a non-profit organization and community development corporation. This grant, effective from July 1, 2023 to June 30, 2024, will enable the organization to provide microloans, business training, counseling, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, low-income, and minority entrepreneurs and...
The U.S. Small Business Administration (SBA) awarded a $214,352 Project Grant under the Microloan Program (CFDA 59.046) to Community Capital New York, Inc. (doing business as Community Capital New YOR) on July 1, 2024. This funding will be used by the community development financial organization to provide microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities. The...