Carolina community impact INC.
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0127
- Recipient
-
Carolina Community Impact, Inc. UEI UJS1KWEVMVG5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $277,849
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Raleigh, NC, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $277,849 Microloan Program (CFDA 59.046) project grant to Carolina Community Impact, Inc., a non-profit organization based in Raleigh, North Carolina. The grant, effective from July 1, 2024, to June 30, 2025, will be used 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.
Through this funding, Carolina Community Impact, Inc. will offer working capital, inventory, supplies, equipment, and other business-related support to foster entrepreneurship and economic development in areas lacking traditional credit access. The organization has a track record of delivering similar services through past prime federal grant awards, including technical assistance to build the capacity of Community Development Financial Institutions (CDFIs) and funding to address the economic impacts of COVID-19.
Quick answers
Who received award SBAHQ24Y0127?
SBAHQ24Y0127 was awarded to Carolina Community Impact, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0127 worth?
$277,849 has been obligated on SBAHQ24Y0127.
Which agency awarded SBAHQ24Y0127?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0127, with funding from Office of Capital Access (Small Business Administration).
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