SBAHQ25Y0097
Project Grant
Overview
Grant Description
Latino Economic Development Corp. - DC to assist all 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 dollars 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.
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 dollars 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.
Funding Goals
PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO SMALL BUSINESSES REQUIRING MICROLOANS.
Grant Program (CFDA)
Awarding Agency
Funding Agency
Place of Performance
Washington,
District Of Columbia
United States
Geographic Scope
City-Wide
Related Opportunity
SB-OCAML-25-004
D.C Latino Economic Development Of Washington was awarded
Project Grant SBAHQ25Y0097
worth $138,623
from the Office of Capital Access in July 2025 with work to be completed primarily in Washington District Of Columbia United States.
The grant
has a duration of 1 year and
was awarded through assistance program 59.046 Microloan Program.
Status
(Ongoing)
Last Modified 11/14/25
Period of Performance
7/1/25
Start Date
6/30/26
End Date
Funding Split
$138.6K
Federal Obligation
$0.0
Non-Federal Obligation
$138.6K
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
SBAHQ25Y0097
SAI Number
None
Award ID URI
SAI EXEMPT
Awardee Classifications
Nonprofit With 501(c)(3) IRS Status (Other Than An Institution Of Higher Education)
Awarding Office
735100 OFC OF CHIEF OPERATING OFFICER
Funding Office
737010 OFC OF CAPITAL ACCESS
Awardee UEI
TMC6R8ADXEJ5
Awardee CAGE
4VVG8
Performance District
DC-98
Modified: 11/14/25