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
- SBAHQ22Y0078
- Recipient
-
Rockingham Economic Development Corp UEI QNHGC1XLAV99
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $457,028
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Raymond, NH, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) Microloan Program awarded $457,028 to the Rockingham Economic Development Corporation (REDc) through a Formula Grant to provide microloans and business training/technical assistance from July 1, 2022 to June 30, 2023.
Under the SBA's Microloan Program (CFDA #59.046), REDc will use the funding to issue micro-level loans of under $100k to start-up, newly established, and growing small businesses in Raymond, NH. REDc will also offer business-based training and technical assistance to these entrepreneurs, business owners, and individuals from underserved demographic groups. The Microloan Program aims to expand access to credit and build small business capacity in areas lacking financial resources.
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 SBAHQ22Y0078?
SBAHQ22Y0078 was awarded to Rockingham Economic Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0078 worth?
$457,028 has been obligated on SBAHQ22Y0078.
Which agency awarded SBAHQ22Y0078?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0078, with funding from Office of Capital Access (Small Business Administration).
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