Southeast asian community center, CA the small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ21Y0067
- Recipient
-
Southeast Asian Community Center UEI KKE2QRNSNB25
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $217,749
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- San Francisco, CA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $217,749 under the Microloan Program (CFDA #59.046) to Southeast Asian Community Center in San Francisco, California. This Formula Grant funding will support the awardee's provision of microloans and business training/technical assistance services to start-up, newly established, and growing small businesses from July 1, 2021 to June 30, 2022.
Specifically, Southeast Asian Community Center will utilize the SBA funding to directly provide micro-level loans of $50,000 or less to qualifying small businesses, coupled with business-based training and technical assistance services, to support entrepreneurship and expand access to credit for women, low-income, and minority business owners in underserved areas. The SBA Microloan Program aims to foster small business development in locales lacking adequate credit options.
Description
Southeast asian community center, CA 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 SBAHQ21Y0067?
SBAHQ21Y0067 was awarded to Southeast Asian Community Center by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0067 worth?
$217,749 has been obligated on SBAHQ21Y0067.
Which agency awarded SBAHQ21Y0067?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0067, with funding from Office of Capital Access (Small Business Administration).
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