Project Grant SBAHQ25Y0107
- This $134,545 Project Grant awarded by the U.S. Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) supports the New Mexico Community Development Loan Fund, doing business as The Loan Fund, a nonprofit community development financial institution. The funding enables The Loan Fund to provide microloans up to $50,000 and comprehensive business training and technical assistance to women, low-income, and minority entrepreneurs and small business...
- The Small Business Administration Office of Capital Access awarded a $240,000 Project Grant to the New Mexico Community Development Loan Fund doing business as The Loan Fund through the Microloan Program (CFDA 59.046). The grant will support The Loan Fund in providing microloans to women, low-income, and minority entrepreneurs and small business owners in Albuquerque, New Mexico from July 1, 2022 to June 30, 2023. The Microloan Program aims to foster economic development in underserved areas...
- The Small Business Administration (SBA) Microloan Program (CFDA 59.046) awarded a $240,000 formula grant to the New Mexico Community Development Loan Fund (CDLF), doing business as The Loan Fund, a non-profit community development financial institution. This grant enables CDLF to provide micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns in underserved communities in New Mexico. The Microloan Program aims to assist...
- Federal Project Grant Award Summary Liftfund Inc. (operating as Accion) received a $971,434 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) headquartered in San Antonio, Texas, Liftfund will utilize these funds to provide microloans up to $50,000 and accompanying technical assistance to underserved entrepreneurs and...
- Federal Grant Award Summary Women's Economic Self-Sufficiency Team, Corp. (Wesst) received a $110,250 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 a federally-designated intermediary lender, Wesst will utilize these funds to provide short-term, fixed interest rate microloans up to $50,000 to startup, newly established, and growing small business concerns in the...
- 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 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 Grant Award Summary NYBDC Local Development Corp received a $894,051 Project Grant from the Small Business Administration's (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) for the period of July 1, 2025 through June 30, 2026. As a certified Community Development Financial Institution (CDFI), the organization will utilize these funds to provide microloans up to $50,000 to startup, newly established, and growing small business concerns in underserved communities...
- Federal Grant Award Summary CDC Small Business Finance Corp. received a $632,860 Project Grant award from the U.S. 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 organization will utilize this funding to deliver microloans up to $50,000 to startup, newly established, and growing small businesses in the San Diego area, with particular focus on enterprises owned by women, minorities, and...
- Federal Project Grant Award Summary Prestamos CDFI LLC received a $359,662 Project Grant from the Small Business Administration's 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) headquartered in Phoenix, Arizona, Prestamos will utilize this funding to provide microloans up to $50,000 and deliver accompanying technical assistance and business training services to underserved...
Federal Project Grant Award Summary The New Mexico Community Development Loan Fund received a $135,140 Project Grant from the Small Business Administration's (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 and Community Development Financial Institution, The Loan Fund will utilize these funds to provide microloans up to $50,000 to startup, newly established, and growing small business concerns across New Mexico, with loan proceeds designated exclusively for working capital, inventory, supplies, furniture, fixtures, machinery, and equipment. The award will support The Loan Fund's operations in Albuquerque, New Mexico, serving entrepreneurs and small business owners in economically disadvantaged areas who lack access to traditional credit. In addition to microloan capital, the SBA grant will fund The Loan Fund's delivery of comprehensive technical assistance and business development services to prospective borrowers and microloan recipients. These services include marketing support, management training, and technical assistance designed to strengthen the capacity of women, minority, and low-income entrepreneurs to successfully establish and grow viable businesses. The SBA's Microloan Program also provides training support to The Loan Fund to ensure effective program implementation and operational excellence in serving underserved communities throughout New Mexico.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $135.1k | 9/19/25 |