Ascendus, INC. (FKA accion east), NY the small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ21Y0005
- Recipient
-
Ascendus, Inc. UEI MC9ERZDUPJT8
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,199,165
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- New York, NY, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded Ascendus, Inc. $1,199,165 under the Microloan Program (CFDA #59.046) to provide microloans and business assistance to small businesses from July 2021 to June 2022. As a microlender under the SBA Microloan Program, Ascendus will originate microloans of $50,000 or less to small businesses and provide entrepreneurial development assistance including business training and technical support. The Microloan Program aims to expand access to credit for small businesses in underserved communities through a nationwide network of nonprofit microlending organizations. Ascendus will leverage this $1.2M federal award to deliver microloans and services to entrepreneurs in New York that lack sufficient access to capital, helping them establish and grow small concerns.
Description
Ascendus, INC. (FKA accion east), NY the small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training and technical assistance to start- up, newly established and growing small business concerns.
Quick answers
Who received award SBAHQ21Y0005?
SBAHQ21Y0005 was awarded to Ascendus, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0005 worth?
$1,199,165 has been obligated on SBAHQ21Y0005.
Which agency awarded SBAHQ21Y0005?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0005, with funding from Office of Capital Access (Small Business Administration).
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