Small business assistance corp - GA
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0110
- Recipient
-
Small Business Assistance Corp UEI FNVAFCWHJ4G9
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $222,857
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Savannah, GA, USA
Award details come from USAspending.gov.
About this award
The Small Business Assistance Corp (SBAC) was awarded a $222,857 Project Grant by the U.S. Small Business Administration (SBA) under the SBA's Microloan Program (CFDA 59.046). The grant will be used by SBAC, a non-profit business development organization, to provide microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities in the Savannah, GA area. The goal of the funding is to foster entrepreneurship and economic development by supporting access to credit for small businesses lacking traditional financing options. As a subrecipient, SBAC will also administer small business loan programs and manage loan portfolios for the City of Savannah using HUD criteria to create and retain jobs for low-to-moderate income individuals.
Quick answers
Who received award SBAHQ24Y0110?
SBAHQ24Y0110 was awarded to Small Business Assistance Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0110 worth?
$222,857 has been obligated on SBAHQ24Y0110.
Which agency awarded SBAHQ24Y0110?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0110, with funding from Office of Capital Access (Small Business Administration).
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