South eastern economic development corporation, MA the small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ21Y0086
- Recipient
-
South Eastern Economic Development Corporation UEI VPFRLFL59XN5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $547,974
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Taunton, MA, USA
Award details come from USAspending.gov.
About this award
The South Eastern Economic Development Corporation received a $547,974 Formula Grant award from the Small Business Administration under the Microloan Program (CFDA #59.046) to provide microloans and business assistance services to small businesses from July 2021 to June 2022. As part of the Microloan Program, the Corporation will use the funding to offer direct loans of $50,000 or less to eligible small businesses and entrepreneurs in Taunton, Massachusetts. In addition, the Corporation will provide business training and technical assistance services to help startup and growing small business concerns in the area. The Microloan Program aims to assist women, low-income, and minority business owners who lack access to traditional sources of credit.
Description
South eastern economic development corporation, 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 SBAHQ21Y0086?
SBAHQ21Y0086 was awarded to South Eastern Economic Development Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0086 worth?
$547,974 has been obligated on SBAHQ21Y0086.
Which agency awarded SBAHQ21Y0086?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0086, with funding from Office of Capital Access (Small Business Administration).
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