Skip to main content

Microloan Program

Program Funding
Total Spent
$39.0M
 
Total Obligated
$46.8M

Some agencies choose to report funding totals for multiple programs in a single submission. The obligated and spent totals shown here only reflect those reported for this program alone. To see all money associated with this program, use the All Pandemic Awards dashboard and search for the program in the filter bar.

Number of Awards
163
Assistance Listing
59.046
Published Date
Objectives
To assist women, low-income, and minority entrepreneurs, business owners, and other individuals possessing the capability to operate successful business concerns and to assist small business concerns in those areas suffering from a lack of credit due to economic downturns. Under the Program, the Small Business Administration (SBA) will make loans or provide guaranties to private, non-profit, and quasi-governmental organizations (intermediary lenders) that will use the loan funds to make short-term, fixed interest rate microloans in amounts up to $50,000 to start-up, newly established, and growing small business concerns. These microloans are to be used exclusively for working capital, inventory, supplies, furniture, fixtures, machinery, and/or equipment. In addition, the SBA will make grants to participating intermediary lenders to provide marketing, management, and technical assistance…

View the full description on SAM.gov
Total Rows 530