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…
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ21Y0144
- Recipient
-
Community Investment Corporation UEI L5PJGGLRHQJ5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $542,371
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Originally
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Hamden, CT, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $542,371 Formula Grant to the Community Investment Corporation through the Microloan Program (CFDA #59.046). The grant funding will support the provision of microloans and associated business training/technical assistance services to start-ups, new, and growing small businesses in Hamden, Connecticut through September 30, 2022.
The SBA Microloan Program aims to expand access to credit for small businesses in underserved communities through direct loans and grants to non-profit microlending organizations. As a microlender, the Community Investment Corporation will use this funding to provide micro-level loans (typically under $50,000) coupled with business-based training and technical assistance to promote entrepreneurship and support small business growth, especially among women and minority-owned enterprises.
Description
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 | -$66,576 | |
| Original award | $608,947 |
Quick answers
Who received award SBAHQ21Y0144?
SBAHQ21Y0144 was awarded to Community Investment Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2021.
How much is award SBAHQ21Y0144 worth?
$542,371 has been obligated on SBAHQ21Y0144.
Which agency awarded SBAHQ21Y0144?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ21Y0144, with funding from Office of Capital Access (Small Business Administration).
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