Michigan womens foundation - MI
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0036
- Recipient
-
The Michigan Women's Foundation UEI PVAFJLSLXWB3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $200,000
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Detroit, MI, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $200,000 Project Grant under the Microloan Program (CFDA 59.046) to the Michigan Women's Foundation, a woman-owned, non-profit organization, for the period of 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 funding to nonprofit intermediary lenders to offer microloans up to $50,000 and accompanying technical assistance.
Through this grant, the Michigan Women's Foundation will leverage its status as a certified Community Development Financial Institution to offer microloans, training, and counseling services to small businesses and startups in Detroit. The Foundation has a history of administering federal funding to deliver microloans and business support to microenterprises on behalf of local governments, having used over $700,000 in previous SBA Microloan Program funding to assist women-owned businesses in Detroit.
Quick answers
Who received award SBAHQ24Y0036?
SBAHQ24Y0036 was awarded to The Michigan Women's Foundation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0036 worth?
$200,000 has been obligated on SBAHQ24Y0036.
Which agency awarded SBAHQ24Y0036?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0036, with funding from Office of Capital Access (Small Business Administration).
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