Mountain association for community economic DEV., INC., KY the small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ21Y0018
- Recipient
-
Mountain Association For Community Econo UEI LBW2DRXQXCA7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $166,054
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Berea, KY, USA
Award details come from USAspending.gov.
About this award
The Mountain Association for Community Economic Dev., Inc. received a $166,054.04 Formula Grant award from the Small Business Administration (SBA) Office of Capital Access to provide microloans and business assistance services under the Microloan Program. The goal of the Microloan Program is to assist entrepreneurs and small business owners in underserved areas through the provision of small, short-term loans along with accompanying training and technical assistance services. The grant period runs from July 1, 2021 to June 30, 2022 to support these microfinancing and entrepreneurship support activities being administered through the Mountain Association in Berea, Kentucky.
Description
Mountain association for community economic DEV., INC., KY 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.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Amendment | -$102,896 | |
| Original award | $268,950 |
Quick answers
Who received award SBAHQ21Y0018?
SBAHQ21Y0018 was awarded to Mountain Association For Community Econo by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0018 worth?
$166,054 has been obligated on SBAHQ21Y0018.
Which agency awarded SBAHQ21Y0018?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0018, with funding from Office of Capital Access (Small Business Administration).
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