Project Grant SBAHQ25Y0008
- The U.S. Small Business Administration awarded a $435,735 Formula Grant to People Incorporated of Virginia under the Microloan Program (CFDA 59.046). The award period is from July 1, 2024 to June 30, 2025. The Microloan Program is designed to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities, by providing microloans up to $50,000 and technical assistance through nonprofit intermediary lenders. Through this grant, People...
- The Small Business Administration (SBA) awarded $435,281.90 under the Microloan Program (CFDA #59.046) to People Incorporated of Virginia for the period of July 1, 2021 through June 30, 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-up, newly established and growing small businesses. As the sub-awardee, People Incorporated of Virginia will utilize the funding to...
- The Small Business Administration (SBA) Microloan Program provided a $605,301 formula grant award to People Incorporated of Virginia, a non-profit community development organization, to support the delivery of microloans and business training/technical assistance to start-up, newly established, and growing small business concerns. This award, with a performance period of July 1, 2023 to June 30, 2024, is funded under the SBA's Microloan Program (CFDA 59.046), which aims to assist women,...
- Federal Grant Award Summary ECDC Enterprise Development Group has received a $649,923 Project Grant from the Small Business Administration's (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046), effective July 1, 2025 through June 30, 2026. As a Community Development Financial Institution (CDFI) intermediary lender, ECDC Enterprise Development Group will utilize this funding to provide microloans up to $50,000 to startup, newly established, and growing small businesses in the...
- Federal Project Grant Award Summary Small Business Assistance Corp received a $149,023 Project Grant award 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 the delivery of microloans up to $50,000 to startup, newly established, and growing small business concerns in the Savannah, Georgia area, with loan proceeds designated exclusively for working capital, inventory,...
- Federal Grant Award Summary Vermont Community Loan Fund, Inc. received a $124,538 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 the organization to provide short-term, fixed-rate microloans up to $50,000 to startup, newly established, and growing small business concerns in Vermont, with loan proceeds designated exclusively for working capital,...
- Federal Project Grant Award Summary Peoplefund received a $746,914 Project Grant award from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) on July 1, 2025, with completion targeted for June 30, 2026. As an SBA-approved intermediary lender and Community Development Financial Institution (CDFI) based in Austin, Texas, Peoplefund will utilize this funding to provide microloans up to $50,000 to startup, newly established, and growing...
- Federal Project Grant Award Summary The Small Business Administration (SBA) Office of Capital Access awarded a Project Grant of $143,640 to Mountain Association for Community Economic Development on July 1, 2025, under the Microloan Program (CFDA 59.046). This award supports Mountain Association's operations as an intermediary lender serving the Appalachian region of Kentucky through June 30, 2026. The funding enables the organization to provide short-term, fixed interest rate microloans up to...
- Federal Project Grant Award Summary Common Capital, Inc. 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. As a Community Development Financial Institution (CDFI) based in Springfield, Massachusetts, Common Capital, Inc. utilizes this funding to provide microloans up to $50,000 to startup, newly established, and growing small businesses that lack...
- Federal Project Grant Award Summary Community Capital of Vermont, Inc. received a $100,346 Project Grant from the Small Business Administration's (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 utilize this funding to support underserved entrepreneurs and small business owners throughout Vermont by facilitating access...
People Incorporated of Virginia received a $315,465 Project Grant from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046), effective July 1, 2025, with completion anticipated June 30, 2026. As an intermediary lender under this program, People Incorporated of Virginia will utilize the grant to provide microloans up to $50,000 to startup, newly established, and growing small business concerns in the Abingdon, Virginia region. The microloans are restricted to working capital, inventory, supplies, furniture, fixtures, machinery, and equipment purchases. In addition to microloan capital, the organization will deliver marketing, management, and technical assistance services to prospective and current microborrowers, with particular focus on women, minority, and low-income entrepreneurs who lack access to traditional credit sources. This award supports the SBA's objective to expand economic opportunity and credit access in underserved communities by leveraging established community development organizations with demonstrated lending expertise and local market knowledge.Federal Project Grant Award Summary
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $315.5k | 9/19/25 |