Excelsior growth fund AKA nybdc local DEV, 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
- SBAHQ21Y0110
- Recipient
-
Nybdc Local Development Corp UEI L2U5DBNNJTX1
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,330,546
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Albany, NY, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $1,330,546 to the Nybdc Local Development Corporation through the Microloan Program (CFDA #59.046) for the period of July 1, 2021 to June 30, 2022. This Formula Grant funding will enable the Nybdc Local Development Corporation to provide microloans and business training/technical assistance services to start-up, newly established, and growing small businesses in Albany, New York. The Microloan Program aims to assist women, low-income, and minority entrepreneurs as well as small businesses in underserved areas through the provision of direct microloans and support services delivered by intermediary lenders.
Description
Excelsior growth fund AKA nybdc local DEV, 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.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Amendment | -$348,446 | |
| Original award | $1,678,992 |
Quick answers
Who received award SBAHQ21Y0110?
SBAHQ21Y0110 was awarded to Nybdc Local Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0110 worth?
$1,330,546 has been obligated on SBAHQ21Y0110.
Which agency awarded SBAHQ21Y0110?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0110, with funding from Office of Capital Access (Small Business Administration).
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