Union county economic development corp, NJ 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
- SBAHQ21Y0071
- Recipient
-
Union County Economic Development Corp UEI KZCQGM82ZK18
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,300,056
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Cranford, NJ, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration's (SBA) Microloan Program awarded $1.3 million to the Union County Economic Development Corporation (UCEDC) to provide microloans and business assistance services to small businesses from July 2021 through June 2022. The Microloan Program (CFDA #59.046) aims to assist entrepreneurs, business owners, and individuals in developing or growing small concerns and addressing credit needs in underserved areas. Through this Formula Grant, UCEDC will utilize direct loans of $50,000 or less to microenterprises and provide entrepreneurial development assistance including training and technical guidance. The award enables UCEDC to support start-ups, newly established or growing small businesses in Union County, New Jersey with microfinancing and business development resources to foster local economic development.
Description
Union county economic development corp, NJ 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 SBAHQ21Y0071?
SBAHQ21Y0071 was awarded to Union County Economic Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0071 worth?
$1,300,056 has been obligated on SBAHQ21Y0071.
Which agency awarded SBAHQ21Y0071?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0071, with funding from Office of Capital Access (Small Business Administration).
On GovTribe
See this award's full record
- Every transaction and subaward
- The recipient's other awards and teaming partners
- Similar grant awards
- Ask GovTribe AI about this award