The small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training…
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ23Y0005
- Recipient
-
Community Enterprise Investments, Inc. UEI JENMKEFTLPH6
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $114,676
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Pensacola, FL, USA
Award details come from USAspending.gov.
About this award
Community Enterprise Investments, Inc. was awarded a $114,676 project grant from the Small Business Administration (SBA) under the Microloan Program (CFDA #59.046) to provide microloans and business development services from July 1, 2023 to June 30, 2024. As a Community Development Financial Institution located in Pensacola, Florida specializing in SBA Loans and affordable housing, Community Enterprise Investments will utilize the funding to distribute microloans of under $50K along with training and technical assistance to start-up, newly established, and growing small businesses in the Pensacola region. The Microloan Program aims to assist women, low-income, and minority entrepreneurs through such financial products and services to foster small business growth and economic opportunity.
Description
The small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training and technical assistance to start- up, newly established and growing small business concerns.
Quick answers
Who received award SBAHQ23Y0005?
SBAHQ23Y0005 was awarded to Community Enterprise Investments, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0005 worth?
$114,676 has been obligated on SBAHQ23Y0005.
Which agency awarded SBAHQ23Y0005?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0005, with funding from Office of Capital Access (Small Business Administration).
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