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
- SBAHQ21Y0066
- Recipient
-
Northern Maine Development Commission, Inc. UEI DNN8KN59UJU9
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $139,374
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 $139,373.53 under the Microloan Program (CFDA #59.046) Formula Grant to the Northern Me Dev Commission for the period of July 1, 2021 to June 30, 2022. The grant funds microloans and business training/technical assistance services to start-ups, new, and growing small businesses through eligible non-profit microlenders. The Microloan Program aims to assist entrepreneurs, business owners, and individuals from underserved demographic groups in areas lacking access to credit to start or expand small business operations. The Northern Me Dev Commission will utilize the funding to provide micro-level loans and business development support services to qualifying small businesses in its service area.
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.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Amendment | -$91,971 | |
| Original award | $231,345 |
Quick answers
Who received award SBAHQ21Y0066?
SBAHQ21Y0066 was awarded to Northern Maine Development Commission, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0066 worth?
$139,374 has been obligated on SBAHQ21Y0066.
Which agency awarded SBAHQ21Y0066?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0066, with funding from Office of Capital Access (Small Business Administration).
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