Microloan Program - National Training Conference

The purpose of this Federal Grant Opportunity is to invite proposals from experienced microlending organizations and national/regional nonprofit organizations to provide training support for microenterprise development. The funding will assist the U.S. Small Business Administration (SBA) in conducting a national training conference for Intermediaries participating in the SBA Microloan Program. The goal is to ensure these Intermediaries have the necessary knowledge, skills, and understanding of microlending practice to operate successful SBA microloan programs. Key eligibility includes non-501(c)(3) and 501(c)(3) nonprofits. The opportunity was posted on October 8, 2024, with a due date of November 8, 2024.

This opportunity is funded through the SBA's Microloan Program (CFDA 59.046), which provides grants to nonprofit organizations to offer microloans and technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals. Recent awards under this program have ranged from $5,609 to $2,169,434, with most falling between $100,000 and $1,000,000. The geographic scope includes various locations across the United States, with a focus on underserved communities and areas lacking access to traditional business credit.