Seattle econ DEV fund - WA
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0084
- Recipient
-
Business Impact NW UEI JEEMY5V9N487
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $740,794
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Seattle, WA, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $740,794 Project Grant under the Microloan Program (CFDA 59.046) to the Seattle Economic Development Fund, also known as Business Impact NW, a non-profit Community Development Financial Institution (CDFI). The grant will enable the organization to provide microloans up to $50,000 and accompanying technical assistance to support small businesses, particularly those owned by women, minorities, veterans, and low-income individuals in underserved communities in the Seattle, WA area. The funding will be used for working capital, inventory, supplies, equipment, and other business-related expenses, with the goal of fostering entrepreneurship and economic development in areas lacking traditional credit access. The grant has a performance period from July 1, 2024, to June 30, 2025.
Quick answers
Who received award SBAHQ24Y0084?
SBAHQ24Y0084 was awarded to Business Impact NW by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0084 worth?
$740,794 has been obligated on SBAHQ24Y0084.
Which agency awarded SBAHQ24Y0084?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0084, with funding from Office of Capital Access (Small Business Administration).
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