Project Grant SBAHQ24Y0047

Award Date 7/1/24
Completion Date 6/30/25
Dollars Obligated $156K
Funding Federal Agency
Office of Capital Access
Federal Grant Program
59.046
Assistance Type
Project Grant
Place of Performance
Los Angeles, CA, USA
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The Small Business Administration (SBA) awarded a $156,450 Project Grant to the Pacific Asian Consortium in Employment (PACE), a minority-owned, non-profit community development corporation in Los Angeles, CA. The award is funded through the SBA's Microloan Program (CFDA 59.046), which aims to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities.

Under this grant, PACE will provide microloans up to $50,000 and accompanying technical assistance to entrepreneurs and small business owners in the Los Angeles area. The organization focuses on assisting women, minority, and other underserved business owners through its services, which include workforce development, business consulting, lending, and social services. PACE has a track record of delivering successful economic development and social service programs funded by federal grants from agencies like the SBA, Minority Business Development Agency, and Department of Health and Human Services.

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