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
- Award ID
- SBAHQ22Y0068
- Recipient
-
Ceds Finance UEI XGENN65XJKY1
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $479,205
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Aurora, CO, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded Ceds Finance $479,205 under the Microloan Program (CFDA #59.046) Formula Grant for July 1, 2022 to June 30, 2023.
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-ups, new, and growing small businesses. This furthers the Program's goal of assisting women, low-income, and minority entrepreneurs and business owners in underserved areas lacking access to credit. Ceds Finance will use the award to provide microloans and business support services to small businesses in Aurora, Colorado, helping local entrepreneurs start or expand their operations.
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 SBAHQ22Y0068?
SBAHQ22Y0068 was awarded to Ceds Finance by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0068 worth?
$479,205 has been obligated on SBAHQ22Y0068.
Which agency awarded SBAHQ22Y0068?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0068, with funding from Office of Capital Access (Small Business Administration).
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