This $390,097 Formula Grant award from the U.S. Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) supports Communityworks, a non-profit Community Development Financial Institution (CDFI), in providing lending, training, and technical assistance to women, low-income, and minority entrepreneurs and small businesses in underserved communities. Key services include microloans, financial counseling, and COVID-19 recovery assistance, with a focus on...
The U.S. Small Business Administration (SBA) awarded a $111,660 Project Grant under the Microloan Program (CFDA 59.046) to Community Development Resources, a non-profit community development corporation, for the period of July 1, 2024 to June 30, 2025. This grant enables Community Development Resources to provide microloans up to $50,000 and accompanying technical assistance to women, low-income, and minority entrepreneurs as well as small businesses lacking access to credit in its local...
The Small Business Administration (SBA) Microloan Program provided $531,128 in Formula Grant funding to Communityworks of Greenville, South Carolina from July 1, 2022 to June 30, 2023. The SBA Microloan Program, authorized under the Microloan Program (CFDA #59.046), aims to assist entrepreneurs and business owners in areas lacking access to credit by offering micro-level loans and business training. As a sub-awardee, Communityworks will utilize the funding to provide microloans of $50,000 or...
This Project Grant award of $361,513.00 from the Small Business Administration (SBA) Microloan Program (CFDA 59.046) was provided to Coastal Enterprises, Inc. (CEI), a non-profit community development financial institution (CDFI) in Brunswick, Maine. The award will fund CEI's delivery of 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 award, CEI...
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...
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 Small Business Administration (SBA) Microloan Program awarded a $134,691 formula grant to Renaissance Community Loan Fund Inc., a non-profit organization, to provide microloans, business training, and technical assistance to start-up, newly established, and growing small businesses. This grant, which runs from July 1, 2023 to June 30, 2024, is funded under the SBA's Microloan Program (CFDA 59.046). The program aims to assist women, low-income, and minority entrepreneurs, business owners, and...
The Small Business Administration (SBA) Microloan Program awarded a $544,747 formula grant to the Center For Rural Affairs Community Capital, a non-profit organization and community development corporation. This grant, effective from July 1, 2023 to June 30, 2024, will enable the organization to provide microloans, business training, counseling, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, low-income, and minority entrepreneurs and...
Communities Unlimited Inc. was awarded a $145,920 Microloan Program Project Grant from the Small Business Administration Office of Capital Access. The grant period runs from July 1, 2022 to June 30, 2023. Under the Microloan Program (CFDA #59.046), Communities Unlimited Inc. will provide microloans to women, low-income, and minority entrepreneurs as well as small businesses in underserved areas lacking access to credit. The Microloan Program aims to assist these individuals and concerns in...
This $134,545 Project Grant awarded by the U.S. Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) supports the New Mexico Community Development Loan Fund, doing business as The Loan Fund, a nonprofit community development financial institution. The funding enables The Loan Fund to provide microloans up to $50,000 and comprehensive business training and technical assistance to women, low-income, and minority entrepreneurs and small business...