Project Grant SBAHQ25Y0045
- The Small Business Administration (SBA) awarded Life Asset, Inc. $363,297 under the Microloan Program (CFDA 59.046) Formula Grant 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-ups, new, and growing small businesses. The funding will allow Life Asset, Inc. to deliver microloans and entrepreneurship support services to...
- The U.S. Small Business Administration (SBA) awarded a $336,199 Formula Grant to Life Asset, Inc., a nonprofit organization in Washington, DC, under the SBA Microloan Program (CFDA 59.046). The grant funds will be used by Life Asset, Inc. to provide microloans up to $50,000 and technical assistance to women, low-income, and minority entrepreneurs and small businesses in underserved communities, with the goal of fostering entrepreneurship and economic development. Life Asset, Inc. has a history...
- Life Asset, Inc. received a $621,982 Microloans and Technical Assistance Project Grant from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA #59.046). The grant will provide microloans and technical assistance to women, low-income, and minority entrepreneurs as well as small businesses in underserved areas from July 1, 2022 to June 30, 2023. The Microloan Program aims to expand access to credit for these individuals and businesses through the...
- Life Asset, Inc. was awarded a $231,917 Formula Grant from the Small Business Administration (SBA) under the Microloan Program (CFDA #59.046) to provide microloans, business training, counseling and technical assistance to women, low-income, minority and other disadvantaged entrepreneurs and small business owners from July 1, 2023 to June 30, 2024. As a prime recipient of SBA Microloan Program funding, Life Asset, Inc. will deliver microloans of under $50,000 along with accompanying business...
- The Small Business Administration (SBA) awarded a $117,964 Project Grant under the Microloan Program (CFDA 59.046) to the Washington Area Community Investment Fund, Inc. (WACIF) on July 1, 2025. The grant will fund WACIF, a certified Community Development Financial Institution (CDFI), to provide microloans up to $50,000 for working capital, inventory, supplies, furniture, fixtures, machinery, and equipment to small businesses, particularly those owned by women, minorities, and low-income...
- The Latino Economic Development Corporation of Washington, D.C. (LEDC) received a $138,623 Project Grant award from the U.S. Small Business Administration (SBA) Microloan Program (CFDA 59.046) to provide microloans up to $50,000, primarily for working capital, inventory, supplies, furniture, fixtures, machinery, and equipment. In addition to the financial assistance, the grant funds technical assistance, business training, and entrepreneurial development services to help small businesses,...
- The Small Business Administration (SBA) awarded a $178,069 Project Grant to the Washington Area Community Investment Fund, Inc. (WACIF) under the Microloan Program (CFDA 59.046). The grant will support WACIF's provision of technical assistance services to women, low-income, minority and other entrepreneurs in Washington, DC from July 1, 2022 to June 30, 2023. The Microloan Program aims to assist small businesses and entrepreneurs in underserved areas that lack access to credit by providing...
- The U.S. Small Business Administration (SBA) awarded a $108,545 Project Grant under the Microloan Program (CFDA 59.046) to the Latino Economic Development Corporation of Washington, D.C. (LEDC) on July 1, 2024. The award will fund LEDC's provision 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. As a certified Community Development Financial Institution...
- 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...
- This federal Project Grant award from the Small Business Administration (SBA) under the Microloan Program (CFDA 59.046) provides $254,931.00 to Communityworks, a certified Community Development Financial Institution (CDFI), to assist women, minority, and low-income entrepreneurs and small businesses. The funding will enable Communityworks to offer microloans up to $50,000 for working capital, inventory, supplies, equipment, and other business needs, as well as provide marketing, management,...
The U.S. Small Business Administration (SBA) awarded a $244,760 Microloan Program (CFDA 59.046) project grant to Life Asset, Inc., a non-profit organization located in Washington, DC. The grant, awarded on July 1, 2025 with an ultimate completion date of June 30, 2026, will enable Life Asset, Inc. to provide microloans up to $50,000, along with comprehensive business training, counseling, and technical assistance, to support women, minority, and low-income entrepreneurs and small businesses in underserved communities that lack access to traditional credit. Life Asset, Inc. has a history of successfully delivering SBA Microloan Program and other CDFI initiatives, and has engaged in sub-grant partnerships to further expand its reach in providing small business support services.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $244.8k | 9/19/25 |