Montana community DEV corp - MT

Ended Project Grant Awarded

Award ID
SBAHQ24Y0137
Recipient
Awarding agency
Obligated
$939,779

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Missoula, MT, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Small Business Administration (SBA) awarded a $939,779 Project Grant under the Microloan Program (CFDA 59.046) to Montana Community Development Corp (Mofi), a non-profit community development financial institution (CDFI), to provide microloans up to $50,000 and technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals, in underserved communities across Montana, Idaho, and Wyoming. This one-year grant, effective from July 1, 2024, to June 30, 2025, will support Mofi's efforts to foster entrepreneurship and economic development by delivering comprehensive business services including coaching, capital investment, affordable housing consulting, and workforce development programs. The funding will enable Mofi to continue its mission of promoting self-sufficiency and revitalizing low-income and rural communities through its microlending and capacity-building initiatives.

Quick answers

Who received award SBAHQ24Y0137?

SBAHQ24Y0137 was awarded to Montana Community Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0137 worth?

$939,779 has been obligated on SBAHQ24Y0137.

Which agency awarded SBAHQ24Y0137?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0137, with funding from Office of Capital Access (Small Business Administration).

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