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
- SBAHQ23Y0011
- Recipient
-
Ppep Microbusiness And Housing Development Corporation UEI HKJKQBBF1HB1
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $142,171
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Tucson, AZ, USA
Award details come from USAspending.gov.
About this award
Ppep Microbusiness And Housing Development Corporation (PMHDC) was awarded a $142,171 Microloan Program Project Grant by the Small Business Administration Office of Capital Access. Through this funding, PMHDC will provide microloans of under $50,000 coupled with training and technical assistance to startups and small businesses in Tucson, Arizona from July 1, 2023 through June 30, 2024. As an intermediary lender focused on underserved groups, PMHDC furthers the Microloan Program's goal of fostering microenterprise and economic opportunity for minority, women, low-income, and other disadvantaged entrepreneurs who lack access to traditional sources of credit.
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 SBAHQ23Y0011?
SBAHQ23Y0011 was awarded to Ppep Microbusiness And Housing Development Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0011 worth?
$142,171 has been obligated on SBAHQ23Y0011.
Which agency awarded SBAHQ23Y0011?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0011, with funding from Office of Capital Access (Small Business Administration).
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