Sabre finance - AL
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0089
- Recipient
-
Sabre Finance UEI PUXFD7XK1MU3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $657,539
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Abanda, AL 36276, USA
Award details come from USAspending.gov.
About this award
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.
Quick answers
Who received award SBAHQ24Y0089?
SBAHQ24Y0089 was awarded to Sabre Finance by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0089 worth?
$657,539 has been obligated on SBAHQ24Y0089.
Which agency awarded SBAHQ24Y0089?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0089, with funding from Office of Capital Access (Small Business Administration).
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