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
- SBAHQ22Y0075
- Recipient
-
Community Economic Development Fund Foundation, Inc The UEI DCVTG5JCS691
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $581,365
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Meriden, CT, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded $581,365 under the Microloan Program (CFDA #59.046) to Community Economic Development Fund Foundation, Inc. to provide microloans and business assistance to small businesses in Meriden, Connecticut from July 1, 2022 to June 30, 2023. The Microloan Program aims to assist entrepreneurs, business owners, and individuals in underserved areas by providing small, short-term loans and training resources to start-ups and growing small businesses. As a microlender, Community Economic Development Fund will use this Formula Grant funding to issue microloans of $100,000 or less to local small businesses while also offering business counseling and technical support services to help recipients develop successful 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 SBAHQ22Y0075?
SBAHQ22Y0075 was awarded to Community Economic Development Fund Foundation, Inc The by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0075 worth?
$581,365 has been obligated on SBAHQ22Y0075.
Which agency awarded SBAHQ22Y0075?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0075, with funding from Office of Capital Access (Small Business Administration).
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