The Small Business Administration (SBA) awarded a $256,136 Formula Grant to the Small Business Assistance Corporation (SBAC) through the Microloan Program (CFDA 59.046) to provide microloans, training, and technical assistance to start-up and growing small businesses in Savannah, Georgia from July 1, 2023 to June 30, 2024. As a non-profit business development organization licensed by SBA, SBAC utilizes the funding to deliver micro-level loans of $100k or less along with business training and...
The Small Business Administration (SBA) awarded a $598,791 Project Grant under the Microloan Program (CFDA 59.046) to Accompany Capital Inc., doing business as Business Center For New Americans, a non-profit Community Development Corporation. The grant will fund the organization's provision of microloans up to $50,000 and accompanying technical assistance to start-up, newly established, and growing small business concerns, particularly those owned by women, minorities, and low-income individuals...
The Small Business Administration (SBA) Office of Capital Access awarded a $705,800 Project Grant to the Small Business Assistance Corporation to provide training and technical assistance to current and prospective borrowers of the SBA Microloan Program from July 1, 2022 to June 30, 2023. The SBA Microloan Program, listed under the Catalog of Federal Domestic Assistance as CFDA #59.046, aims to assist entrepreneurs, business owners, and individuals who own small businesses or are attempting to...
The Small Business Administration (SBA) awarded a $1,083,130.00 Project Grant under the Microloan Program (CFDA 59.046) to Access To Capital For Entrepreneurs, Inc., a non-profit community development organization. The grant funding will be used to provide short-term microloans up to $50,000 to start-up, newly established, and growing small businesses, particularly those owned by women, minorities, and low-income entrepreneurs in underserved areas of Georgia. In addition to the microloans, the...
The Small Business Administration (SBA) awarded a $178,069 Project Grant to the Washington Area Community Investment Fund, Inc. (WACIF) under the Microloan Program (CFDA 59.046). The grant will support WACIF's provision of technical assistance services to women, low-income, minority and other entrepreneurs in Washington, DC from July 1, 2022 to June 30, 2023. The Microloan Program aims to assist small businesses and entrepreneurs in underserved areas that lack access to credit by providing...
The Small Business Administration (SBA) provided a $654,050 Project Grant award to CDC Small Business Finance Corp. (CDC SBF), a non-profit community development financial institution, under the SBA Microloan Program (CFDA #59.046). Through this grant, CDC SBF will offer microloans of up to $50,000 and provide business training and technical assistance to startup, newly established, and growing small businesses, particularly those in underserved communities lacking access to capital. As a top...
The Small Business Administration (SBA) awarded $259,077 under the Microloan Program formula grant to Small Business Assistance Corp of Savannah, Georgia for the period of July 1, 2021 through June 30, 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. Specifically, Small Business Assistance Corp will utilize the funding to provide...
The Small Business Administration (SBA) awarded a $1.92 million Formula Grant to Ascendus, Inc. doing business as Accion USA through the Microloan Program (CFDA #59.046) to provide microloans and business training/technical assistance to small businesses from July 2022 to June 2023. The Microloan Program aims to assist entrepreneurs and business owners in underserved areas through direct loans of up to $50,000 and grants to intermediary microlenders. As the sub-awardee, Accion USA will...
The Small Business Administration (SBA) awarded a $810,164 Microloan Program Project Grant (CFDA 59.046) to Cooperative Business Assistance Corp (CBAC), a non-profit Community Development Corporation located in Camden, New Jersey. The grant, with a performance period from July 1, 2024 to June 30, 2025, will enable CBAC to provide microloans up to $50,000 and technical assistance to women, minority, and low-income entrepreneurs and small businesses in southern New Jersey and the Philadelphia...
The Small Business Administration (SBA) awarded a $661,624 Formula Grant under the Microloan Program (CFDA 59.046) to the non-profit organization Ascendus, Inc. (doing business as Accion USA). The grant, effective July 1, 2023 through June 30, 2024, will enable Ascendus to provide direct loans 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 owners in areas lacking access to...