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
- SBAHQ23Y0015
- Recipient
-
Prestamos Cdfi LLC UEI TFDHNCTP48P3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $393,154
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Phoenix, AZ, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration awarded Prestamos Cdfi LLC $393,154 under the Microloan Program (CFDA 59.046) from July 1, 2023 to June 30, 2024. As a Community Development Financial Institution, Prestamos Cdfi LLC will utilize this funding to provide microloans of up to $50,000 and deliver business training and technical assistance to women, minority, and low-income entrepreneurs in Phoenix, Arizona. Through this project grant award, Prestamos Cdfi LLC aims to expand access to capital and capacity building services for underserved small businesses and microenterprises in the local community. The Microloan Program supports financing and development services for small businesses in areas lacking credit access.
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 SBAHQ23Y0015?
SBAHQ23Y0015 was awarded to Prestamos Cdfi LLC by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0015 worth?
$393,154 has been obligated on SBAHQ23Y0015.
Which agency awarded SBAHQ23Y0015?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0015, with funding from Office of Capital Access (Small Business Administration).
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