Project Grant SBAHQ25Y0061
- The Small Business Administration Office of Capital Access awarded a $887,852 project grant to Northern Great Lakes Initiatives through the Microloan Program (CFDA 59.046). The grant will fund technical assistance services for microloan borrowers from July 1, 2022 to June 30, 2023. As outlined in the program description, the Microloan Program aims to support entrepreneurs, small business owners, and individuals in underserved areas by providing access to credit and capacity building...
- The Small Business Administration (SBA) awarded $426,063 under the Microloan Program (CFDA #59.046) to Northern Great Lakes Initiatives in Marquette, Michigan. This Formula Grant funding will support Northern Great Lakes Initiatives in providing microloans of $50k or less, as well as business training and technical assistance, to start-up, newly established, and growing small businesses through June 30, 2022. The Microloan Program aims to expand access to credit for entrepreneurs who lack...
- The Small Business Administration's Microloan Program (CFDA 59.046) awarded a $394,260 Formula Grant to Northern Great Lakes Initiatives, a non-profit organization and community development corporation located in Marquette, Michigan. This grant funding will support Northern Great Lakes Initiatives in providing small business financing, training, and technical assistance to entrepreneurs, including women, minorities, and low-income individuals in the Northern Great Lakes region. Specifically, the...
- Federal Grant Award Summary The Small Business Administration (SBA), through its Office of Capital Access, awarded a $253,062 Project Grant to Great Lakes Women's Business Council (GLWBC) under the Microloan Program (CFDA 59.046) on July 1, 2025, with completion scheduled for June 30, 2026. As an SBA-approved intermediary lender and Community Development Financial Institution, GLWBC will utilize this funding to provide microloans up to $50,000 to women-owned, minority-owned, and low-income small...
- The Small Business Administration (SBA) Microloan Program provided a $413,303 formula grant to Northern Great Lakes Initiatives, a non-profit organization and community development corporation located in Marquette, Wisconsin. This grant, awarded on July 1, 2023, with a completion date of June 30, 2024, will enable Northern Great Lakes Initiatives to offer micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a...
- The Small Business Administration Office of Capital Access awarded $200,000 to Northern Great Lakes Initiatives through its Prime Technical Assistance federal grant program (CFDA 59.050) for the period of September 30, 2022 to September 29, 2023. The grant funds will support Northern Great Lakes Initiatives in providing training and capacity building services to enhance the management capabilities of microentrepreneurs in the Northern Great Lakes region. Specifically, the organization will...
- Federal Project Grant Award Summary The Small Business Administration's (SBA) Office of Capital Access awarded $130,000 through the Microloan Program (CFDA 59.046) to The Michigan Women's Foundation, effective July 1, 2025, through June 30, 2026. As a certified Community Development Financial Institution (CDFI) and intermediary lender, the Foundation will utilize these funds to provide short-term, fixed-interest rate microloans up to $50,000 to startup, newly established, and growing small...
- Federal Grant Award Summary Lake Agassiz Regional Development Corp received a $124,888 Project Grant from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) for the period of July 1, 2025 through June 30, 2026. As an intermediary lender, Lake Agassiz will utilize these funds to provide microloans up to $50,000 to startup, newly established, and growing small business concerns in the rural Upper Midwest. These microloans are designated...
- Federal Grant Award Summary The Small Business Administration (SBA) Office of Capital Access awarded Neighborhood Development Center Inc. a Project Grant in the amount of $152,852 on July 1, 2025, under the Microloan Program (CFDA 59.046). This award supports the organization's operations as an intermediary lender providing microloans up to $50,000 to startup, newly established, and growing small business concerns in underserved communities. The funding enables the delivery of short-term,...
- Federal Project Grant Award Summary Northeast Entrepreneur Fund, Inc. received a $1,294,921 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. This award supports the organization's role as an intermediary lender providing microloans up to $50,000 to startup, newly established, and growing small business concerns across 17 counties in northern Minnesota and northwest...
Northern Great Lakes Initiatives received a $382,856 Project Grant from the U.S. Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046), awarded July 1, 2025, with a completion date of June 30, 2026. As a certified Community Development Financial Institution (CDFI) headquartered in Marquette, Michigan, the organization will utilize these funds to provide microloans up to $50,000 to startup and growing small businesses, with loan proceeds designated exclusively for working capital, inventory, supplies, furniture, fixtures, machinery, and equipment. The organization will serve underserved entrepreneurs, particularly those owned by women, minorities, and low-income individuals across the Northern Great Lakes region. In addition to microloan capital, Northern Great Lakes Initiatives will deliver marketing, management, and technical assistance services to prospective and current microborrowers as part of this grant award. These services support borrower success and program effectiveness, consistent with the SBA Microloan Program's requirement that intermediary lenders provide comprehensive technical assistance alongside lending activities. The organization's established track record of federal grant management and demonstrated expertise in economic development position it to effectively serve underserved populations in low-to-moderate income communities throughout its service area.Federal Grant Award Summary
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $382.9k | 9/19/25 |