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
- SBAHQ22Y0057
- Recipient
-
Community Investment Corporation UEI L5PJGGLRHQJ5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,035,354
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding
-
- $517,677.00 Federal
- $517,677.00 Non-federal
- 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 $1,035,354 Formula Grant to the Community Investment Corporation through the Microloan Program (CFDA #59.046). The grant provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance services to start-ups, new, and growing small businesses. Specifically, the Community Investment Corporation will use SBA funding from July 2022 to June 2023 to assist women, low-income, and minority entrepreneurs and business owners in areas lacking access to credit by providing microloans and business development support services.
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 SBAHQ22Y0057?
SBAHQ22Y0057 was awarded to Community Investment Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0057 worth?
$1,035,354 has been obligated on SBAHQ22Y0057: $517,677 in federal funding and $517,677 in non-federal funding.
Which agency awarded SBAHQ22Y0057?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0057, with funding from Office of Capital Access (Small Business Administration).
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