Rural enterprise assistance project center, NE 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
SBAHQ21Y0120
Recipient
Awarding agency
Obligated
$734,182

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Lyons, NE 68038, USA

Award details come from USAspending.gov.

About this award

The Small Business Administration (SBA) awarded a $734,182 Microloan Program Formula Grant to the Center For Rural Affairs 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 and business training/technical assistance to start-up, newly established, and growing small businesses. Specifically, the Center For Rural Affairs will utilize this funding to provide microloans and business support services to women, low-income, and minority entrepreneurs and business owners in rural areas that lack access to credit, as outlined under the Microloan Program (CFDA #59.046).

Description

Rural enterprise assistance project center, NE 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 SBAHQ21Y0120?

SBAHQ21Y0120 was awarded to Center For Rural Affairs by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.

How much is award SBAHQ21Y0120 worth?

$734,182 has been obligated on SBAHQ21Y0120.

Which agency awarded SBAHQ21Y0120?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0120, with funding from Office of Capital Access (Small Business Administration).

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