Renaissance economic development corporation, NY 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
- SBAHQ21Y0085
- Recipient
-
Renaissance Economic Development Corp UEI Y58HKAHAQTQ5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,411,602
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- New York, NY, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $1.4 million Formula Grant to Renaissance Economic Development Corporation through the Microloan Program (CFDA #59.046) to provide microloans and business assistance to small businesses in New York from July 1, 2021 to June 30, 2022. As an intermediary lender under the Microloan Program, Renaissance Economic Development Corporation will use the funding to issue micro-level loans of $50,000 or less to eligible small businesses, along with accompanying training and technical assistance services, to support business start-ups, newly established and growing small business concerns in underserved communities. The sub-awardee Asian Americans For Equality will assist in delivering these microloans and entrepreneurship support services in New York.
Description
Renaissance economic development corporation, NY 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 SBAHQ21Y0085?
SBAHQ21Y0085 was awarded to Renaissance Economic Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0085 worth?
$1,411,602 has been obligated on SBAHQ21Y0085.
Which agency awarded SBAHQ21Y0085?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0085, with funding from Office of Capital Access (Small Business Administration).
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