Life Asset, Inc.

Life Asset, Inc. is a tax-exempt nonprofit organization based in Washington, DC that specializes in providing financial services and business support to underserved populations. The organization is registered in SAM.gov and maintains an active federal grant recipient status, with registration expiring on February 27, 2026. Life Asset, Inc. serves as a Community Development Financial Institution (CDFI) and microloan intermediary, delivering microfinance and entrepreneurial support services to women, low-income, minority, and disadvantaged entrepreneurs and small business owners who lack access to traditional credit and financial services in economically distressed communities.

Since 2021, Life Asset, Inc. has consistently received federal grant funding from two primary sources: the Small Business Administration's Office of Capital Access through the Microloan Program (CFDA 59.046) and the U.S. Department of the Treasury's Community Development Financial Institutions Fund. Through SBA Microloan Program awards, the organization has provided microloans up to $50,000 along with comprehensive business training, counseling, and technical assistance to entrepreneurs and small businesses, receiving annual formula and project grants ranging from approximately $231,917 to $621,982. Additionally, Life Asset, Inc. received substantial support through the CDFI Fund, including a $1.8 million Rapid Response Program grant (June 2021 through December 2023) to address pandemic-related economic impacts, and subsequent CDFI grants awarded in December 2021 and April 2023 to support financial capacity building and organizational development in low-to-moderate income communities. The organization has also served as a subrecipient of federal grant awards from the District of Columbia Government, providing small business technical assistance through sub-grants awarded in March 2024 and November 2024, as well as participating in the Community Navigator Pilot Program through sub-grants from the National Disability Institute Inc. in February 2022. This diversified funding portfolio demonstrates Life Asset, Inc.'s sustained commitment to expanding access to affordable financing and business support services for disadvantaged populations across Washington, DC and surrounding underserved markets.