Community ventures corporation, 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
- SBAHQ21Y0074
- Recipient
-
Community Ventures Corporation, Inc. UEI PYEHKE878KN6
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $723,698
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Lexington, KY, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $723,698 under the Microloan Program (CFDA #59.046) to Community Ventures Corporation, Inc. to provide microloans and business training/technical assistance services from July 1, 2021 through June 30, 2022. The Microloan Program aims to assist entrepreneurs, business owners, and individuals in underserved areas by providing small, short-term loans and entrepreneurial development assistance. As a microlender, Community Ventures Corporation will use this funding to issue microloans of $50,000 or less to small businesses and entrepreneurs, along with accompanying training and technical support services, to help eligible recipients start, establish, and grow their business operations.
Description
Community ventures corporation, 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 SBAHQ21Y0074?
SBAHQ21Y0074 was awarded to Community Ventures Corporation, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0074 worth?
$723,698 has been obligated on SBAHQ21Y0074.
Which agency awarded SBAHQ21Y0074?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0074, with funding from Office of Capital Access (Small Business Administration).
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