Colorado enterprise fund INC - CO
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ23Y0026
- Recipient
-
Co Enterprise Fund, LLC UEI NNVKE3A6XNX5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,698,926
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Denver, CO, USA
Award details come from USAspending.gov.
About this award
The Colorado Enterprise Fund, LLC (dba Colorado Enterprise Fund) was awarded a $1.7 million Formula Grant from the Small Business Administration under the Microloan Program (CFDA 59.046) to provide microloans and technical assistance to small businesses from July 1, 2023 to June 30, 2024. As a Community Development Financial Institution, Colorado Enterprise Fund utilizes this federal funding to offer loans under $50,000 and supportive services to women, minority, and low-income entrepreneurs and small businesses in underserved areas across Colorado. This includes delivering financial products, training, and specialized lending to promote economic development in disadvantaged communities disproportionately impacted by crises. Subawards passed through the City of Boulder allow Colorado Enterprise Fund to further its microfinance and technical assistance services for women, minority, and other underserved business owners within the municipality.
Quick answers
Who received award SBAHQ23Y0026?
SBAHQ23Y0026 was awarded to Co Enterprise Fund, LLC by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0026 worth?
$1,698,926 has been obligated on SBAHQ23Y0026.
Which agency awarded SBAHQ23Y0026?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0026, with funding from Office of Capital Access (Small Business Administration).
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