Northwest minnesota foundation - MN

Ended Project Grant Awarded

Award ID
SBAHQ24Y0043
Recipient
Awarding agency
Obligated
$198,861

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Bemidji, MN 56601, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Northwest Minnesota Foundation was awarded a $198,861 Project Grant from the U.S. Small Business Administration's Microloan Program (CFDA 59.046) with a period of performance from July 1, 2024 to June 30, 2025. The grant funding will enable the Foundation to provide microloans up to $50,000 and technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals, in underserved communities in northwest Minnesota. As an experienced microlending organization, the Foundation will use the grant to support entrepreneurship and economic development in the region by addressing the lack of traditional credit access. This award builds on the Foundation's previous success in administering SBA Microloan Program grants and other federal grant-funded initiatives focused on community development, small business support, and housing assistance in northwest Minnesota.

Quick answers

Who received award SBAHQ24Y0043?

SBAHQ24Y0043 was awarded to The Northwest Minnesota Foundation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0043 worth?

$198,861 has been obligated on SBAHQ24Y0043.

Which agency awarded SBAHQ24Y0043?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0043, with funding from Office of Capital Access (Small Business Administration).

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