Rockingham econ DEV corp (redc) DBA region, NH 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
- SBAHQ21Y0065
- Recipient
-
Rockingham Economic Development Corp UEI QNHGC1XLAV99
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $395,891
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Raymond, NH, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded Rockingham Economic Development Corporation (REDC) $395,891 under the Microloan Program (CFDA #59.046) to provide microloans and business assistance to small businesses from July 1, 2021 to June 30, 2022. As an intermediary lender under the SBA Microloan Program, REDC will use the funding to issue microloans of $50,000 or less to eligible 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 intermediaries.
Description
Rockingham econ DEV corp (redc) DBA region, NH 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 SBAHQ21Y0065?
SBAHQ21Y0065 was awarded to Rockingham Economic Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0065 worth?
$395,891 has been obligated on SBAHQ21Y0065.
Which agency awarded SBAHQ21Y0065?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0065, with funding from Office of Capital Access (Small Business Administration).
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