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
- SBAHQ22Y0073
- Recipient
-
Economic And Community Development Institute, Inc. UEI NCBNNNMBAEL3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $3,218,386
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Columbus, OH, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $3.2 million to the Economic & Community Development Institute Inc. (Ecdi) through the Microloan Program (CFDA #59.046) for the period of July 1, 2022 to June 30, 2023.
Under this Formula Grant, Ecdi will provide microloans and business training/technical assistance to start-ups, new, and growing small businesses. The Microloan Program aims to assist entrepreneurs, business owners, and individuals from underserved communities gain access to credit and support operations of viable small business concerns in economically distressed areas. Ecdi will leverage this SBA funding to deliver capital and advisory services that foster entrepreneurship and small business growth, particularly among women, low-income, and minority demographics.
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 SBAHQ22Y0073?
SBAHQ22Y0073 was awarded to Economic And Community Development Institute, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0073 worth?
$3,218,386 has been obligated on SBAHQ22Y0073.
Which agency awarded SBAHQ22Y0073?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0073, 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