MICRO-2020-02
Agency: Small Business Administration
Assistance Listings
- 59.046 -- Microloan Program
Archived opportunityLast Updated: May 13, 2026
View version history on Grants.gov
Description
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 to prospective borrowers and borrowers receiving microloans. Under the Program, SBA will also provide training for intermediary lenders participating in the Program.
Eligibility
Eligible applicants
Nonprofit
- Nonprofits non-higher education with 501(c)(3)
- Nonprofits non-higher education without 501(c)(3)
Additional information
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Grantor contact information
Description
Grants.gov Contact Center
Phone Number: 1-800-518-4726
Hours of operation are 24 hours a day, 7 days a week. The contact center is closed on federal holidays.
support@grants.gov
Grants.gov Customer Support
Documents
No documents are currently available.
Link to additional information
Archived: May 3, 2020
Award
$--
Program Funding
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Expected awards
$--
Award Minimum
$800,000
Award Maximum
Funding opportunity number:
SBA-OCAML-20-001
Cost sharing or matching requirement:
Yes
Funding instrument type:
Grant
Opportunity Category:
Discretionary
Opportunity Category Explanation:
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Category of Funding Activity:
Business and commerce
Category Explanation:
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History
Version:
3
Posted date:
March 3, 2020
Archive date:
May 3, 2020
