Utah microenterprise loan fund - UT
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ24Y0072
- Recipient
-
Utah Microenterprise Loan Fund UEI ZKJ1NLNX1B13
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $125,000
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- South Salt Lake, UT, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $125,000 Project Grant through its Microloan Program (CFDA 59.046) to the Utah Microenterprise Loan Fund (UMLS), a nonprofit microlender. The grant period runs from July 1, 2024, to June 30, 2025.
Under this award, UMLS will use the SBA funding to provide microloans of up to $50,000 as well as business training and technical assistance to startups and growing small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities lacking access to traditional credit. As an SBA microlender intermediary, UMLS will serve as a conduit to channel this federal grant funding to foster small business growth and economic development in its local area of South Salt Lake, Utah.
Quick answers
Who received award SBAHQ24Y0072?
SBAHQ24Y0072 was awarded to Utah Microenterprise Loan Fund by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0072 worth?
$125,000 has been obligated on SBAHQ24Y0072.
Which agency awarded SBAHQ24Y0072?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0072, with funding from Office of Capital Access (Small Business Administration).
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