Southwest initiative foundation - MN
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0105
- Recipient
-
Southwest Initiative Foundation UEI UHLCJGT4BZB5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $206,883
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Hutchinson, MN 55350, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $206,883 Project Grant under the Microloan Program (CFDA 59.046) to the Southwest Initiative Foundation, a non-profit organization based in Hutchinson, Minnesota. This grant, with a performance period from July 1, 2024 to June 30, 2025, will enable the Southwest Initiative Foundation to provide microloans up to $50,000 and technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved rural areas. The grant funding will support the Foundation's work in fostering entrepreneurship and economic development by offering access to capital and business development services to start-up, newly established, and growing small enterprises in its service region.
Quick answers
Who received award SBAHQ24Y0105?
SBAHQ24Y0105 was awarded to Southwest Initiative Foundation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0105 worth?
$206,883 has been obligated on SBAHQ24Y0105.
Which agency awarded SBAHQ24Y0105?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0105, with funding from Office of Capital Access (Small Business Administration).
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