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
- SBAHQ22Y0054
- Recipient
-
Southeast Community Capital Corporation UEI NZ8AM9BJUPJ5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $357,935
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- 1417 Murfreesboro Pike, Nashville, TN 37217, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $357,935 under the Microloan Program (CFDA #59.046) to Southeast Community Capital Corporation for the period of July 1, 2022 to June 30, 2023.
Under this Formula Grant, Southeast Community Capital will provide microloans and business training/technical assistance to small businesses and entrepreneurs in economically disadvantaged areas through the SBA's Microloan Program. The Microloan Program aims to expand access to credit for small business concerns by assisting microloan intermediaries that provide microloans up to $50k along with business development assistance to eligible borrowers. Southeast Community Capital will leverage this federal funding to deliver micro financing and entrepreneurship support services to small businesses in their local region.
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.
Quick answers
Who received award SBAHQ22Y0054?
SBAHQ22Y0054 was awarded to Southeast Community Capital Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0054 worth?
$357,935 has been obligated on SBAHQ22Y0054.
Which agency awarded SBAHQ22Y0054?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0054, with funding from Office of Capital Access (Small Business Administration).
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