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
- SBAHQ23Y0013
- Recipient
-
Neighborhood Self-Employment Initiative, Inc. UEI L989G7DG8C25
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $326,931
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Indianapolis, IN, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded Neighborhood Self-Employment Initiative, Inc. (NSEI) $326,931 under the Microloan Program (CFDA #59.046) from July 1, 2023 to June 30, 2024. NSEI, a minority and woman-owned non-profit, will use the funding to provide microloans and business training and technical assistance to start-up, newly established, and growing small businesses in Indianapolis, Indiana. Services include training, counseling, and capacity building for women-owned businesses, minority-owned businesses, and low-income microentrepreneurs to foster business creation and growth in underserved communities. As a SBA Microloan Program intermediary lender, NSEI aims to address barriers to access to capital through delivering microloans of $50k or less and linking borrowers to continuous business assistance.
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 SBAHQ23Y0013?
SBAHQ23Y0013 was awarded to Neighborhood Self-Employment Initiative, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0013 worth?
$326,931 has been obligated on SBAHQ23Y0013.
Which agency awarded SBAHQ23Y0013?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0013, with funding from Office of Capital Access (Small Business Administration).
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