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
- SBAHQ23Y0023
- Recipient
-
Community Economic Development Fund Foundation, Inc The UEI DCVTG5JCS691
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $596,397
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 Community Economic Development Fund Foundation, Inc. The a $596,397 Formula Grant under the Microloan Program (CFDA #59.046) for the period of July 1, 2023 to June 30, 2024. As a microlender under the SBA Microloan Program, Community Economic Development Fund provides microloans of $50,000 or less combined with business training and technical assistance services to start-up, newly established, and growing small businesses in the Meriden, CT area. This funding allows Community Economic Development Fund to further its mission of issuing microloans to women, low-income, and minority entrepreneurs and business owners who may lack access to traditional commercial financing, helping strengthen small businesses and foster economic growth.
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 SBAHQ23Y0023?
SBAHQ23Y0023 was awarded to Community Economic Development Fund Foundation, Inc The by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0023 worth?
$596,397 has been obligated on SBAHQ23Y0023.
Which agency awarded SBAHQ23Y0023?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0023, with funding from Office of Capital Access (Small Business Administration).
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