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The program also provides support in marketing and management as well as technical assistance for microloan borrowers and potential borrowers. [1] Under this program, SBA makes funds available to non-profit community based lenders (intermediaries) that in turn, make loans to eligible borrowers in amounts up to a maximum of $50,000.
A $2.2 million grant will create a hub and resource for rural small businesses across 15 counties, including Lubbock, according to a Tuesday news release from the U.S. Economic Development ...
A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are federal assistance to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct ...
10,000 Small Businesses is a philanthropic initiative launched by Goldman Sachs and the Goldman Sachs Foundation in November 2009 that pledged $500 million in various aid to small businesses in the United States, United Kingdom, and France. The initiative aims to provide 10,000 small businesses with assistance – ranging from business and ...
These loans have an interest rate of 4% for small businesses and 3.25% for private nonprofit organizations with terms up to 30 years. More information can be found at sba.gov. Show comments
The program was established with the enactment into law of the Small Business Innovation Development Act in 1982 to award federal research grants to small businesses. The SBIR program has four original objectives: [23] to stimulate technological innovation; to use small business to meet Federal research and development needs; to foster and ...
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