Project Grant SBAHQ25Y0050
- 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...
- The Small Business Administration (SBA) awarded a $1,185,606 Formula Grant to the Montana Community Development Corporation (MCDC), doing business as Mofi, under the Microloan Program (CFDA #59.046). The grant provides direct loans and business training/technical assistance to start-ups, new, and growing small businesses through MCDC's microlending activities from July 1, 2022 to June 30, 2023. As the SBA's Microloan Program aims to assist women, low-income, and minority entrepreneurs in...
- The U.S. Small Business Administration (SBA) awarded a $300,000 Project Grant under the Program for Investment in Microentrepreneurs (PRIME) to Montana Community Development Corp., doing business as Mofi, a non-profit community development financial institution (CDFI). The award will support Mofi's provision of training, technical assistance, and capacity-building services to help disadvantaged entrepreneurs and small business owners in underserved communities across Montana, Idaho, and...
- The U.S. Small Business Administration (SBA) awarded a $248,000 Project Grant under the Program for Investment in Microentrepreneurs (PRIME), CFDA #59.050, to Montana Community Development Corp (dba Mofi), a non-profit community development financial institution. The funding will support Mofi's delivery of technical assistance, training, and capacity building services to disadvantaged entrepreneurs and microenterprise development organizations in Montana, Idaho, and Wyoming over a one-year...
- The federal Project Grant award of $800,000.00 from the Department of Health and Human Services Administration for Children and Families under the Community Services Block Grant Discretionary Awards program (CFDA 93.570) will support the delivery of a range of economic and community development services by the awardee, Montana Community Development Corp (dba Mofi). Mofi is a mission-driven nonprofit community development financial institution that provides financing, consulting, training, and...
- Federal Grant Award Summary The Department of Health and Human Services, Administration for Children and Families awarded $800,000 under the Community Services Block Grant Discretionary Awards program (CFDA 93.570) to Montana Community Development Corporation (Mofi) for a Community Economic Development (CED) project effective September 30, 2025, with a completion date of September 29, 2028. Mofi will deploy these funds to provide a loan to Nomad GCS, a manufacturing business in Libby, Montana,...
- The Small Business Administration's Microloan Program provided $264,858 in Formula Grant funding to the Montana Community Development Corporation from July 1, 2021 to June 30, 2022. The Microloan Program, classified under the Catalog of Federal Domestic Assistance number 59.046, aims to assist entrepreneurs, business owners, and individuals in developing small businesses and improving access to credit in underserved areas. Through this award, the Montana Community Development Corporation will...
- 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 Project Grant Award Summary Community Concepts Finance Corporation received a $167,024 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. The award supports the organization's delivery of microfinance solutions and business development services to small business concerns in rural Maine, particularly startup, newly established, and growing enterprises owned by...
- Grant Award Summary The Small Business Administration's (SBA) Office of Capital Access awarded $526,064 to the Northern Maine Development Commission, Inc. 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), NMDC will utilize this funding to provide microloans up to $50,000 to startup, newly established, and growing small businesses in Aroostook and Washington counties that...
Montana Community Development Corp. (Mofi) received a $969,606 Project Grant award 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) based in Missoula, Montana, Mofi will utilize these funds to provide microloans up to $50,000 to startup, newly established, and growing small business concerns in underserved Montana, Idaho, and Wyoming communities. Loan proceeds are designated exclusively for working capital, inventory, supplies, furniture, fixtures, machinery, and equipment. In addition to direct microloan delivery, the award supports Mofi's provision of marketing, management, and technical assistance to prospective and current microborrowers. The organization specializes in serving populations traditionally underserved by conventional financial institutions, including women entrepreneurs, minority business owners, low-income individuals, and rural residents. Through this award, Mofi will deliver comprehensive business development support services, including business training, financial literacy education, and business coaching to entrepreneurs and small business owners across its service region.Federal Grant Award Summary
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $969.6k | 9/19/25 |