Neighborhood development center, 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
- SBAHQ21Y0091
- Recipient
-
Neighborhood Development Center Inc. UEI MTCTJKT9JS54
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $264,645
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- St Paul, MN, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $264,645 Microloan Program Formula Grant to Neighborhood Development Center Inc. to provide microloans and business training/technical assistance services from July 1, 2021 through June 30, 2022.
The Microloan Program (CFDA #59.046) aims to assist entrepreneurs, business owners, and individuals in underserved areas by providing small, direct loans and supporting services to start-up, newly established, and growing small businesses. As a sub-awardee, Neighborhood Development Center Inc. will utilize the grant funding to administer microloans of $50k or less to local small businesses, and offer accompanying business-based training and technical assistance to promote entrepreneurship and access to credit in its community.
Description
Neighborhood development center, 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 SBAHQ21Y0091?
SBAHQ21Y0091 was awarded to Neighborhood Development Center Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0091 worth?
$264,645 has been obligated on SBAHQ21Y0091.
Which agency awarded SBAHQ21Y0091?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0091, with funding from Office of Capital Access (Small Business Administration).
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