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
- SBAHQ23Y0019
- Recipient
-
Ceds Finance UEI XGENN65XJKY1
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $372,849
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
Ceds Finance provides microloans, business training, and technical assistance to small businesses and entrepreneurs in Aurora, Colorado through a $372,849 Formula Grant from the Small Business Administration's Microloan Program (CFDA #59.046). The grant period is July 1, 2023 through June 30, 2024. As a Community Development Financial Institution and microlender, Ceds Finance utilizes this funding to deliver microloans of under $50k on average and entrepreneurship support services that expand access to capital for underserved borrowers, with a focus on minority-owned and women-owned small businesses impacted by COVID-19 in low-income areas.
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 SBAHQ23Y0019?
SBAHQ23Y0019 was awarded to Ceds Finance by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0019 worth?
$372,849 has been obligated on SBAHQ23Y0019.
Which agency awarded SBAHQ23Y0019?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0019, 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