Community concepts finance corporation, me 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
- SBAHQ21Y0093
- Recipient
-
Community Concepts Finance Corporation UEI FCMNW8EQUXD8
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $382,067
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- 13 Park St, South Paris, ME 04281, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded Community Concepts Finance Corporation $382,066.61 under the Microloan Program (CFDA #59.046) for the period of July 1, 2021 through June 30, 2022.
Through this Formula Grant, Community Concepts Finance Corporation will provide microloans of $50,000 or less, business training, and technical assistance to small businesses and entrepreneurs in Oxford and Androscoggin Counties, Maine. The Microloan Program aims to expand access to credit for small businesses in underserved communities through intermediary lenders. Community Concepts Finance Corporation will support local economic development by helping start-ups and growing small businesses obtain necessary financing to start or expand their operations.
Description
Community concepts finance corporation, me 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 | -$81,561 | |
| Original award | $463,628 |
Quick answers
Who received award SBAHQ21Y0093?
SBAHQ21Y0093 was awarded to Community Concepts Finance Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0093 worth?
$382,067 has been obligated on SBAHQ21Y0093.
Which agency awarded SBAHQ21Y0093?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0093, with funding from Office of Capital Access (Small Business Administration).
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