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
- SBAHQ23Y0022
- Recipient
-
Community Investment Corporation UEI L5PJGGLRHQJ5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $383,881
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Hamden, CT, USA
Award details come from USAspending.gov.
About this award
The Community Investment Corporation received $383,881 in formula grant funding from July 1, 2023 through June 30, 2024 under the Small Business Administration's Microloan Program (CFDA #59.046). As a microlender intermediary, Community Investment Corporation will provide microloans of typically under $50,000 coupled with business training and technical assistance to start-up and growing small businesses in Connecticut. Community Investment Corporation has a track record of successfully delivering these services through prior SBA Microloan Program awards totaling $1.5 million over the past three years. The Microloan Program aims to promote entrepreneurship through assisting underserved entrepreneurs with access to small, short-term loans and business support services.
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 SBAHQ23Y0022?
SBAHQ23Y0022 was awarded to Community Investment Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0022 worth?
$383,881 has been obligated on SBAHQ23Y0022.
Which agency awarded SBAHQ23Y0022?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0022, with funding from Office of Capital Access (Small Business Administration).
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