The U.S. Small Business Administration (SBA) awarded a $185,488 Project Grant through its Microloan Program (CFDA 59.046) to Neighborhood Self-Employment Initiative, Inc. (NSEI), a nonprofit organization in Indianapolis, Indiana. This funding enables NSEI to deliver a range of business development services, including providing microloans up to $50,000 and offering entrepreneurial training, business counseling, and technical assistance. NSEI, which is certified as a non-profit and Black American-owned business, primarily supports women, minority, and low-income entrepreneurs facing systemic barriers to accessing traditional business resources and capital. The grant will allow NSEI to continue its role as an SBA microloan intermediary lender, using federal funds to offer critical access to capital and capacity-building support for start-up and growing small businesses in underserved communities.
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