Women's economic self-sufficiency team, NM 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
SBAHQ21Y0082
Recipient
Awarding agency
Obligated
$232,917

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Originally
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Albuquerque, NM, USA

Award details come from USAspending.gov.

About this award

The Women's Economic Self-Sufficiency Team, Corp. (Wesst) received a $232,916.94 Formula Grant award from the Small Business Administration (SBA) to provide microloans and business assistance services under the SBA's Microloan Program. The Microloan Program aims to assist women, low-income, and minority entrepreneurs through the provision of direct loans and grants to eligible non-profit microlenders. With this funding, Wesst will offer micro-level loans and business training/technical assistance to start-up, newly established, and growing small businesses in Albuquerque, New Mexico from July 1, 2021 through September 30, 2022. The services are intended to support areas lacking access to credit and foster entrepreneurship.

Description

Women's economic self-sufficiency team, NM 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 -$29,240
Original award $262,157

Quick answers

Who received award SBAHQ21Y0082?

SBAHQ21Y0082 was awarded to Women's Economic Self-Sufficiency Team, Corp. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.

How much is award SBAHQ21Y0082 worth?

$232,917 has been obligated on SBAHQ21Y0082.

Which agency awarded SBAHQ21Y0082?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0082, with funding from Office of Capital Access (Small Business Administration).

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