Closed · SBA-OCAML-20-001 · CFDA 59.046 · Discretionary

MICRO-2020-02

Federal grant opportunity posted by Small Business Administration, cataloged on Grants.gov.

up to $800K
Award range
Closed
Status
March 4, 2020
Close date
-
Expected awards

The verdict

MICRO-2020-02 is a closed discretionary listing from Small Business Administration that offered Up to $800,000. Future funding cycles may be published under the same CFDA number.

up to $800K
award range
Closed
application status
59.046
CFDA program

Opportunity snapshot. This Grants.gov announcement - MICRO-2020-02 - is cataloged under number SBA-OCAML-20-001 and tied to CFDA assistance listing 59.046, posted by Small Business Administration. Grants.gov currently shows the opportunity as closed, first posted on March 3, 2020 and last updated on March 4, 2020. The funding category is Discretionary, delivered as a grant.

Award economics. The award range on file is Up to $800,000. Cost sharing or matching funds are required, meaning applicants must contribute a portion of the project budget from non-federal sources, factor this into your financial plan before drafting the proposal. Federal award ranges are often upper bounds; actual allocations reflect program appropriations, the strength of the applicant pool, and the evaluation committee's scoring.

Deadline and action path. This opportunity closed on March 4, 2020. Future funding cycles may be published under the same CFDA number, so monitoring the parent program page is the most reliable way to catch re-announcements. Every Grants.gov submission requires an active SAM.gov registration and a Unique Entity ID. Review the Eligibility section below carefully, federal eligibility categories (nonprofit, state or local government, tribal, individual, educational institution, small business) have distinct registration and reporting requirements. Pre-application outreach to the listed agency contact is permitted and often welcomed, it helps clarify scope and scoring priorities. Before acting on the deadline or award figures above, verify them directly on the official Grants.gov listing, amendments can change dates and amounts after this page was last refreshed.

Award Range

Up to $800,000

Close Date

March 4, 2020

No Explanation

Posted

March 3, 2020

Instrument

Grant

Cost Sharing

Required

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

Grants.gov lists this opportunity under eligibility category codes 12, 13. These codes correspond to applicant types (state/local government, tribal organization, nonprofit, educational institution, individual, small business, etc.) defined in Grants.gov's own eligibility reference. See the current Grants.gov eligibility categories or check the official listing below for this opportunity's exact eligibility statement.

Official Listing on Grants.gov

View full details, application forms, and submission instructions.

View on Grants.gov

Parent Grant Program

CFDA 59.046

Microloan Program

U.S. Small Business Administration

View program →

Agency Contact

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

Key Dates

Posted March 3, 2020
Close Date March 4, 2020
Archive Date May 3, 2020
Last Updated March 4, 2020

Frequently Asked Questions

What is this grant opportunity?
This is a federal funding opportunity titled "MICRO-2020-02", offered by Small Business Administration. It is associated with CFDA program 59.046. 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 ...
Is this opportunity still open?
No, this opportunity is closed. It closed on March 4, 2020. Check the parent program page for future funding cycles.
How much funding is available?
The award range for this opportunity is Up to $800,000.
How do I apply?
Applications for federal grant opportunities are typically submitted through Grants.gov. Visit the official listing at grants.gov for application instructions, required documents, and submission deadlines.

Disclaimer: This information is sourced from Grants.gov and SAM.gov and is for informational purposes only. Opportunity details, deadlines, and eligibility requirements change frequently. Always verify current information directly on Grants.gov before applying. PlainGrants is not affiliated with any federal agency.

Read our methodology - how this data is sourced, computed, and verified.

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Data sourced from the SAM.gov Assistance Listings and Grants.gov. See our methodology for details. Retrieved and formatted by PlainGrants Editorial