Southeast kentucky economic DEV corp, KY the small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide…

Ended Formula Grant Awarded Last action

Award ID
SBAHQ21Y0058
Recipient
Awarding agency
Obligated
$328,354

Award facts

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

Award details come from USAspending.gov.

About this award

The Small Business Administration (SBA) awarded $328,353.88 through its Microloan Program to Southeast Kentucky Economic Development for the period of July 1, 2021 to 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 businesses and growing small concerns. Specifically, Southeast Kentucky Economic Development will utilize the funding to provide microloans and business support services to local entrepreneurs, business owners and individuals in underserved areas to help start or expand small businesses and stimulate economic development in southeast Kentucky.

Description

Southeast kentucky economic DEV corp, 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 -$58,754
Original award $387,108

Quick answers

Who received award SBAHQ21Y0058?

SBAHQ21Y0058 was awarded to Southeast Kentucky Economic Development by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.

How much is award SBAHQ21Y0058 worth?

$328,354 has been obligated on SBAHQ21Y0058.

Which agency awarded SBAHQ21Y0058?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0058, with funding from Office of Capital Access (Small Business Administration).

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