Washington area community investment fund - DC
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0063
- Recipient
-
Washington Area Community Investment Fund, Inc. UEI S6MSQBRZ3KT8
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $159,480
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Washington, DC, USA
Award details come from USAspending.gov.
About this award
The Washington Area Community Investment Fund, Inc. (WACIF) was awarded a $159,480 Project Grant by the U.S. Small Business Administration (SBA) under the Microloan Program (CFDA 59.046). The grant, with an award date of July 1, 2024 and a completion date of June 30, 2025, will enable WACIF, a certified Community Development Financial Institution (CDFI) and SBA lender, to provide microloans up to $50,000 and accompanying technical assistance to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities across the Washington, D.C. area. As a nonprofit community development corporation, WACIF leverages federal grant funding to deliver 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.
Quick answers
Who received award SBAHQ24Y0063?
SBAHQ24Y0063 was awarded to Washington Area Community Investment Fund, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0063 worth?
$159,480 has been obligated on SBAHQ24Y0063.
Which agency awarded SBAHQ24Y0063?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0063, with funding from Office of Capital Access (Small Business Administration).
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