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Budget Summary FY2017

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70070801 - Microlending
Data Current as of:  8/9/2016

Account Description FY2016
7007-0801 Microlending
For microlending grants of up to $100,000 which shall be issued to established community development financial institutions and community advantage lenders making direct microenterprise and small business loans to borrowers on a regional basis, and providing technical assistance to applicants and borrowers in order to foster business establishment and success; provided, that the funds shall be used to support the eligible organizations' lending and technical assistance activities
300,000 100,000