Regional business assistance corp, NJ 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
- SBAHQ21Y0126
- Recipient
-
Trenton Business Assistance Corporation UEI DRHLAMN6NHF3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $341,667
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Trenton, NJ, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration's (SBA) Microloan Program awarded $341,667 to the Regional Business Assistance Corporation in Trenton, New Jersey through a formula grant. The grant period runs from July 1, 2021 to June 30, 2022.
Under the Microloan Program (CFDA #59.046), the Regional Business Assistance Corporation will provide microloans of $50,000 or less to small businesses and entrepreneurs, along with business training and technical assistance services. The program aims to expand access to credit and support for women, minority, and low-income business owners in areas lacking such opportunities. The Regional Business Assistance Corporation will leverage the SBA funding to issue smaller loans and deliver services to startup and growing small businesses in New Jersey, in line with the goals of the Microloan Program to strengthen local entrepreneurship.
Description
Regional business assistance corp, NJ 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 SBAHQ21Y0126?
SBAHQ21Y0126 was awarded to Trenton Business Assistance Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0126 worth?
$341,667 has been obligated on SBAHQ21Y0126.
Which agency awarded SBAHQ21Y0126?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0126, with funding from Office of Capital Access (Small Business Administration).
On GovTribe
See this award's full record
- Every transaction and subaward
- The recipient's other awards and teaming partners
- Similar grant awards
- Ask GovTribe AI about this award