Community economic development fund, CT 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
- SBAHQ21Y0117
- Recipient
-
Community Economic Development Fund Foundation, Inc The UEI DCVTG5JCS691
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $544,555
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Meriden, CT, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $544,555 under the Microloan Program (CFDA #59.046) Formula Grant to the Community Economic Development Fund Foundation, Inc. for the period of July 1, 2021 to June 30, 2022. The grant funds will support the provision of microloans and business training/technical assistance services to startup, newly established, and growing small businesses located in Meriden, Connecticut. The Microloan Program aims to assist women, low-income, and minority entrepreneurs and business owners in areas lacking access to credit. Through this subaward, the Community Economic Development Fund will deliver microloans of $50,000 or less combined with business-based training and technical assistance to strengthen small businesses and support economic development in the Meriden community.
Description
Community economic development fund, CT 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 SBAHQ21Y0117?
SBAHQ21Y0117 was awarded to Community Economic Development Fund Foundation, Inc The by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0117 worth?
$544,555 has been obligated on SBAHQ21Y0117.
Which agency awarded SBAHQ21Y0117?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0117, with funding from Office of Capital Access (Small Business Administration).
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