BOC capital corporation, 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,…

Ended Formula Grant Awarded Last action

Award ID
SBAHQ21Y0030
Recipient
Awarding agency
Obligated
$880,653

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Brooklyn, NY, USA

Award details come from USAspending.gov.

About this award

The Small Business Administration (SBA) awarded BOC Capital Corporation $880,653 under the Microloan Program (CFDA #59.046) for the period of July 1, 2021 through June 30, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance to start-ups, new, and growing small businesses. As the sub-awardee, BOC Capital Corporation will utilize the funding to provide microloans and business support services to entrepreneurs and business owners in Brooklyn, New York that lack access to credit, helping to stimulate economic opportunity in underserved areas.

Description

BOC capital corporation, 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 SBAHQ21Y0030?

SBAHQ21Y0030 was awarded to BOC Capital Corp. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.

How much is award SBAHQ21Y0030 worth?

$880,653 has been obligated on SBAHQ21Y0030.

Which agency awarded SBAHQ21Y0030?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0030, with funding from Office of Capital Access (Small Business Administration).

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