Rural Microentrepreneur Assistance Program

https://www.grants.gov/web/grants/view-opportunity.html?oppId=343324
Award Amount
$500,000.00
Maximum Amount
$500,000.00
Assistance Type
Grant
Funding Source
Federal
Implementing Entity
Rural Business-Cooperative Service
Due Date
Where the Opportunity is Offered
All of California
Eligible Applicant
School
Tribal Government
Nonprofit
Additional Eligibility Information
The following are eligible to be a Microenterprise Development Organization:Nonprofits.Federally-recognized tribes.Institutions of higher education.The following are eligible to apply for a loan from the MDO as an ultimate recipient:Businesses located in an eligible area with 10 or fewer full-time employees.
Contact
Shamika Johnson
Description

What does this program do?It provides loans and grants to Microenterprise Development Organizations (MDOs) to:To help microenterprises startup and growth through a Rural Microloan Revolving Fund.Provide training and technical assistance to microloan borrowers and micro entrepreneurs. Who may apply for this program?The following are eligible to be a Microenterprise Development Organization:Nonprofits.Federally-recognized tribes.Institutions of higher education.The following are eligible to apply for a loan from the MDO as an ultimate recipient:Businesses located in an eligible area with 10 or fewer full-time employees.What is an eligible area?Rural areas outside a city or town with a population of fewer than 50,000 residents. Urbanized areas near a city of 50,000 or more may not be eligible.The borrower’s headquarters may be based within a larger city so long as the project service area is located in an eligible rural area.The lender may be located anywhere.

Category
Other

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