Project Grant SBAHQ24Y0089
- The Small Business Administration (SBA) awarded a $1,404,538 project grant to Venturesouth, doing business as Sabre Finance, through the Microloan Program (CFDA 59.046). The grant will support Venturesouth's provision of microloans and technical assistance services to women, low-income, and minority entrepreneurs in Birmingham, Alabama from July 1, 2022 to June 30, 2023. The Microloan Program aims to foster entrepreneurship and small business growth in economically disadvantaged communities...
- The Small Business Administration (SBA) awarded Sabre Finance dba Venturesouth a $701,144 Formula Grant under the Microloan Program (CFDA 59.046). Venturesouth, a veteran-owned nonprofit community development corporation, will utilize the grant funding to issue microloans of $100k or less to small businesses and entrepreneurs in Birmingham, Alabama. As part of the Microloan Program's goal of fostering entrepreneurship and small business growth through access to credit, Venturesouth will...
- The Small Business Administration (SBA) awarded $613,555 under the Microloan Program (CFDA #59.046) to Sabre Finance dba Venturesouth for the period of July 1, 2021 to June 30, 2022. Under this Formula Grant, Sabre Finance will provide microloans and business training/technical assistance services to start-up, newly established, and growing small businesses in Birmingham, Alabama. The Microloan Program aims to assist entrepreneurs who face barriers to accessing credit, including women,...
- The Small Business Administration (SBA) awarded $723,698 under the Microloan Program (CFDA #59.046) to Community Ventures Corporation, Inc. to provide microloans and business training/technical assistance services from July 1, 2021 through June 30, 2022. The Microloan Program aims to assist entrepreneurs, business owners, and individuals in underserved areas by providing small, short-term loans and entrepreneurial development assistance. As a microlender, Community Ventures Corporation will...
- The Small Business Administration (SBA) Microloan Program awarded a $115,474 Formula Grant to Womenventure, a non-profit organization, for the period of July 1, 2023 to June 30, 2024. Womenventure, a certified Community Development Financial Institution, will use the grant funds to provide direct microloans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on women, low-income, and minority entrepreneurs and business...
- The Small Business Administration (SBA) awarded a $1,131,277 Microloan Program (CFDA 59.046) formula grant to Community Ventures Corporation, Inc., a non-profit organization, for the period of July 1, 2023 to June 30, 2024. The grant provides direct loans and technical assistance to help start-up, newly established, and growing small businesses, particularly those owned by women, low-income, and minority entrepreneurs. As a community development financial institution, Community Ventures will...
- The Small Business Administration (SBA) Microloan Program provided $531,128 in Formula Grant funding to Communityworks of Greenville, South Carolina from July 1, 2022 to June 30, 2023. The SBA Microloan Program, authorized under the Microloan Program (CFDA #59.046), aims to assist entrepreneurs and business owners in areas lacking access to credit by offering micro-level loans and business training. As a sub-awardee, Communityworks will utilize the funding to provide microloans of $50,000 or...
- The U.S. Small Business Administration (SBA) awarded a $292,134 Microloan Program (CFDA 59.046) project grant to Southeast Community Capital Corporation, a non-profit community development corporation and certified Community Development Financial Institution (CDFI) based in Tennessee. The grant funding will enable Southeast Community Capital to provide microloans up to $50,000 and accompanying technical assistance to support small businesses, particularly those owned by women, minorities, and...
- The Small Business Administration awarded $191,164.33 under the Microloan Program (CFDA #59.046) to Southeast Community Capital Corporation for the period of July 1, 2021 through June 7, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance to start-ups, new, and growing small businesses. As the sub-awardee, Southeast Community Capital will utilize the funding to provide microloans...
- The Small Business Administration (SBA) Microloan Program awarded a $544,747 formula grant to the Center For Rural Affairs Community Capital, a non-profit organization and community development corporation. This grant, effective from July 1, 2023 to June 30, 2024, will enable the organization to provide microloans, business training, counseling, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, low-income, and minority entrepreneurs and...
This $657,539 Project Grant was awarded on July 1, 2024 by the U.S. Small Business Administration (SBA) under the Microloan Program (CFDA 59.046). The grant recipient is Sabre Finance, doing business as Venturesouth, a veteran-owned non-profit organization that provides microloans, training, and technical assistance to small businesses in Birmingham, Alabama. Venturesouth has utilized SBA Microloan Program funding to issue over $100,000 in microloans to local small businesses and entrepreneurs, with a focus on assisting women, minorities, and low-income individuals. In addition to the microloans, Venturesouth also provides related technical assistance and business training services to its microloan recipients. The Microloan Program is designed to foster entrepreneurship and small business growth by increasing access to credit in underserved communities.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $657.5k | 7/1/24 |