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…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ21Y0028
- Recipient
-
Columbia Economic Dev UEI V5QCW8TGPF75
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $181,877
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Hudson St, New York, NY, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $181,877 under the Microloan Program (CFDA #59.046) Formula Grant to Columbia Economic Dev, doing business as Choose Columbia, for the period of July 1, 2021 to June 30, 2022. The grant funding will support Choose Columbia's provision of microloans and business training/technical assistance services to start-ups, new, and growing small businesses in New York, NY. The SBA Microloan Program aims to expand access to credit for underserved entrepreneurs and business owners through direct loans and grants to non-profit microlenders. This particular subaward furthers the program's goal of assisting small businesses in areas lacking access to credit.
Description
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 SBAHQ21Y0028?
SBAHQ21Y0028 was awarded to Columbia Economic Dev by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0028 worth?
$181,877 has been obligated on SBAHQ21Y0028.
Which agency awarded SBAHQ21Y0028?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0028, with funding from Office of Capital Access (Small Business Administration).
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