Common capital INC - MA
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0113
- Recipient
-
Common Capital, Inc. UEI NDSKH1JGTHV5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $229,634
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Springfield, MA, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $229,634 Project Grant on July 1, 2024 to Common Capital, Inc., a Community Development Financial Institution (CDFI) and non-profit organization located in Springfield, MA. The grant funding will be used to provide microloans of $50,000 or less, as well as business training and technical assistance, to start-up, newly established, and growing small businesses in disadvantaged communities through the SBA's Microloan Program (CFDA 59.046). Common Capital has previously received SBA Microloan Program formula grants, totaling $450,000 in FY2023, $225,876 in FY2022, and $200,546 in FY2021, which it has utilized to support small business growth in the Springfield area. Additionally, Common Capital received a $995,000 FY2021 CDFI Rapid Response Program grant from the U.S. Department of the Treasury to provide financing and technical assistance to communities and businesses impacted by the economic effects of the COVID-19 pandemic.
Quick answers
Who received award SBAHQ24Y0113?
SBAHQ24Y0113 was awarded to Common Capital, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0113 worth?
$229,634 has been obligated on SBAHQ24Y0113.
Which agency awarded SBAHQ24Y0113?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0113, with funding from Office of Capital Access (Small Business Administration).
On GovTribe
See this award's full record
- Every transaction and subaward
- The recipient's other awards and teaming partners
- Similar grant awards
- Ask GovTribe AI about this award