The Small Business Administration (SBA) awarded a $159,480 Project Grant to the Washington Area Community Investment Fund, Inc. (WACIF) under the Microloan Program (CFDA 59.046). This grant, effective from July 1, 2024 to June 30, 2025, enables WACIF, a certified Community Development Financial Institution (CDFI) and SBA lender, to provide microloans up to $50,000 and accompanying technical assistance to small businesses, with a focus on women, minorities, and low-income entrepreneurs in underserved communities across the Washington, D.C. area. Through this funding, WACIF delivers a range of services including training, counseling, lending, investment, and other capacity-building resources to promote economic development and growth for microenterprises and small businesses in the region. WACIF has also received sub-awards from the District of Columbia government to provide small business technical assistance and support child care stabilization efforts.
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