New bedford economic development council, MA 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
- SBAHQ21Y0076
- Recipient
-
New Bedford Economic Development Council, Inc. UEI Q9LVVX3N65K8
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $163,747
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- New Bedford, MA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $163,747 to the New Bedford Economic Development Council, Inc. through the Microloan Program (CFDA #59.046) to provide microloans and business assistance to small businesses in New Bedford, Massachusetts from July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, the Council will use the funding to issue micro-level loans of $50,000 or less to start-up, newly established, and growing small business concerns. In addition, the Council will offer business training and technical assistance to help small businesses in areas that lack access to credit and to support women, low-income, and minority entrepreneurs.
Description
New bedford economic development council, MA 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 SBAHQ21Y0076?
SBAHQ21Y0076 was awarded to New Bedford Economic Development Council, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0076 worth?
$163,747 has been obligated on SBAHQ21Y0076.
Which agency awarded SBAHQ21Y0076?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0076, with funding from Office of Capital Access (Small Business Administration).
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