Project Grant SBAHQ24Y0113
- The Small Business Administration (SBA) awarded $225,876.88 to Common Capital, Inc. through its Microloan Program (CFDA #59.046) for the period of July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, Common Capital will provide microloans of $50k or less as well as business training and technical assistance to start-up, newly established, and growing small businesses in Springfield, Massachusetts. The Microloan Program aims to assist entrepreneurs who face barriers to...
- The Small Business Administration (SBA) Office of Capital Access awarded Common Capital, Inc., a non-profit Community Development Financial Institution (CDFI), a $413,997 Formula Grant under the Microloan Program (CFDA 59.046) to provide microloans of $50,000 or less and business training/technical assistance to start-up, newly established, and growing small businesses in Springfield, MA. Common Capital has received previous Microloan Program formula grants, including $225,876 in FY2022 and...
- Federal Project Grant Award Summary Common Capital, Inc., a Community Development Financial Institution (CDFI) based in Springfield, Massachusetts, received a $230,126 Project Grant from the U.S. Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) effective July 1, 2025, through June 30, 2026. The award funds marketing, management, and technical assistance services targeted at prospective and current microborrowers, as well as professional...
- Common Capital, Inc. was awarded a $450,000 Project Grant from the Small Business Administration Office of Capital Access under the Microloan Program (CFDA 59.046) for the period of July 1, 2022 to June 30, 2023. The Microloan Program aims to assist women, low-income, and minority entrepreneurs as well as small business owners and individuals in underserved areas by providing access to credit and related services. Common Capital will utilize the funding to deliver microloans and technical...
- The U.S. Small Business Administration (SBA) awarded a $214,352 Project Grant under the Microloan Program (CFDA 59.046) to Community Capital New York, Inc. (doing business as Community Capital New YOR) on July 1, 2024. This funding will be used by the community development financial 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. The...
- The U.S. Small Business Administration (SBA) awarded a $134,871 Project Grant to Community Teamwork Inc., a large community action agency based in Lowell, Massachusetts, under the SBA's Microloan Program (CFDA 59.046). The grant, effective from July 1, 2024, to June 30, 2025, is intended to support Community Teamwork Inc.'s efforts to provide microloans up to $50,000 and technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in...
- The Small Business Administration awarded $191,164.33 under the Microloan Program (CFDA #59.046) to Southeast Community Capital Corporation for the period of July 1, 2021 through June 7, 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. As the sub-awardee, Southeast Community Capital will utilize the funding to provide microloans...
- Federal Project Grant Award Summary Community Capital of Vermont, Inc. received a $100,346 Project Grant from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) for the period July 1, 2025, through June 30, 2026. As an intermediary lender and Community Development Financial Institution (CDFI), Community Capital will use these funds to provide technical assistance, marketing, and management support services to prospective and current...
- The U.S. Small Business Administration (SBA) awarded a $292,134 Microloan Program (CFDA 59.046) project grant to Southeast Community Capital Corporation, a non-profit community development corporation and certified Community Development Financial Institution (CDFI) based in Tennessee. The grant funding will enable Southeast Community Capital to provide microloans up to $50,000 and accompanying technical assistance to support small businesses, particularly those owned by women, minorities, and...
- The Small Business Administration (SBA) awarded $280,847 to the North Central Massachusetts Development Corporation through the Microloan Program (CFDA #59.046) to provide microloans and business assistance to small businesses from July 1, 2021 to June 30, 2022. The Microloan Program aims to assist entrepreneurs, business owners, and individuals in underserved areas by providing direct loans and grants to eligible nonprofit microlenders. Through this Formula Grant, the North Central...
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.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $229.6k | 7/1/24 |