This $200,000 Formula Grant award from the Small Business Administration (SBA) Office of Capital Access to the Michigan Women's Foundation will support the delivery of the SBA Microloan Program. The funding will enable the Foundation, a woman-owned non-profit organization, to provide microloans, training, and technical assistance to women entrepreneurs and small business owners in Detroit, Michigan. As a certified Community Development Financial Institution (CDFI), the Foundation will also...
The Small Business Administration (SBA) awarded a $285,361 Formula Grant under the Microloan Program (CFDA 59.046) to the Great Lakes Women's Business Council (GLWBC), a non-profit organization and Community Development Corporation located in Livonia, Michigan. The grant period runs from July 1, 2024 to June 30, 2025. The Microloan Program is designed to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities, by providing...
The Small Business Administration (SBA) awarded $471,301 under the Microloan Program (CFDA #59.046) to the Great Lakes Women's Business Council (GLWBC) for the period of July 1, 2021 through June 30, 2022. This Formula Grant funding will enable GLWBC to provide microloans of under $100,000 and business training/technical assistance to startup, newly established, and growing small businesses, with a focus on assisting women, low-income, and minority entrepreneurs in the Livonia, Michigan area who...
The U.S. Small Business Administration (SBA) awarded a $111,494 Microloan Program (CFDA 59.046) project grant to Grand Rapids Opportunities for Women (Grow), a nonprofit community development organization located in Grand Rapids, Michigan. The grant, with a performance period from July 1, 2024, to June 30, 2025, will enable Grow to provide microloans up to $50,000 and associated technical assistance to support women, minority, and low-income entrepreneurs and small business owners in the West...
The Small Business Administration (SBA) awarded a $363,640 Microloan Program (CFDA 59.046) Formula Grant to the Great Lakes Women's Business Council (GLWBC), a nonprofit organization, to provide micro-level loans, business training, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, low-income, and minority entrepreneurs. This funding will enable GLWBC to deliver these services to small business concerns in the Livonia, MI area from July...
The Small Business Administration (SBA) Microloan Program awarded a $115,474 Formula Grant to Womenventure, a non-profit organization, for the period of July 1, 2023 to June 30, 2024. Womenventure, a certified Community Development Financial Institution, will use the grant funds to provide direct microloans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on women, low-income, and minority entrepreneurs and business...
The Small Business Administration's Microloan Program provided $261,348 in formula grant funding to Grand Rapids Opportunities for Women (GROW) from July 1, 2021 to June 30, 2022. The Microloan Program (CFDA #59.046) aims to assist women, low-income, and minority entrepreneurs through direct loans and business training/technical assistance services. As the awardee, GROW will utilize the funding to provide micro-level loans of under $50,000 and business development support services to start-up,...
The Small Business Administration (SBA) awarded $323,411 to Metro Community Development Inc. through the Microloan Program (CFDA #59.046) for the period of July 1, 2021 to June 30, 2022. This Formula Grant funding will support Metro Community Development Inc.'s provision of microloans and business training/technical assistance services to start-up, newly established, and growing small businesses in Flint, Michigan. The Microloan Program aims to assist women, low-income, and minority...
The U.S. Small Business Administration (SBA) awarded a $262,661 Formula Grant under the Microloan Program (CFDA 59.046) to Metro Community Development Inc., a non-profit community development organization in Flint, Michigan. The grant will support the organization's delivery of microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved Flint communities. As a certified Community...
The Small Business Administration (SBA) awarded $356,904 under the Microloan Program (CFDA #59.046) to Metro Community Development Inc. in Flint, Michigan. This Formula Grant will support the provision of microloans and business training/technical assistance services to start-ups, new, and growing small businesses through June 30, 2023. The Microloan Program aims to assist women, low-income, and minority entrepreneurs and business owners in areas lacking access to credit. As the sub-awardee,...