Common capital INC.

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. This funding supports Common Capital's provision of marketing, management, and technical assistance services to prospective and current microborrowers, as well as training support for intermediary lender staff engaged in microenterprise development activities.

The grant enables Common Capital to facilitate access to microloans up to $50,000 for startup, newly established, and growing small businesses in underserved communities, with particular emphasis on entrepreneurs facing barriers to traditional credit access, including women, minorities, and low-income individuals in the Springfield area. Eligible uses of microloan proceeds are restricted to working capital, inventory, supplies, furniture, fixtures, machinery, and equipment. The technical assistance and training components funded under this award strengthen the organization's capacity to support economically disadvantaged entrepreneurs and enhance the overall effectiveness of the Microloan Program intermediary lending infrastructure.