Northeast entrepreneur fund, INC., MN 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
- SBAHQ21Y0088
- Recipient
-
Northeast Entrepreneur Fund, Inc. UEI XX8MXJNE8KK7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,763,697
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Duluth, MN, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $1.76 million to Northeast Entrepreneur Fund, Inc. through the Microloan Program (CFDA #59.046) for the period of July 1, 2021 to June 30, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans of under $100k, as well as business training and technical assistance, to support start-ups, newly established and growing small businesses. Northeast Entrepreneur Fund, Inc. will utilize this Formula Grant funding to deliver microloans and entrepreneurship support services to women, low-income, and minority-owned businesses in Duluth, Minnesota as they start and build their operations.
Description
Northeast entrepreneur fund, INC., MN 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 SBAHQ21Y0088?
SBAHQ21Y0088 was awarded to Northeast Entrepreneur Fund, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0088 worth?
$1,763,697 has been obligated on SBAHQ21Y0088.
Which agency awarded SBAHQ21Y0088?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0088, with funding from Office of Capital Access (Small Business Administration).
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