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
- SBAHQ23Y0045
- Recipient
-
Union County Economic Development Corp UEI KZCQGM82ZK18
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,501,891
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Cranford, NJ, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $1,501,891 Formula Grant under the SBA Microloan Program (CFDA #59.046) to the Union County Economic Development Corporation (UCEDC), a private non-profit organization, for the period of July 1, 2023 to June 30, 2024. The grant funding will enable UCEDC to provide direct microloans of less than $50,000 and business training/technical assistance to start-up, newly established, and growing small businesses, particularly those owned by women, low-income, and minority entrepreneurs. As a certified Community Development Financial Institution, UCEDC has experience delivering these services to support small business development and community economic growth in the local region.
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 SBAHQ23Y0045?
SBAHQ23Y0045 was awarded to Union County Economic Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0045 worth?
$1,501,891 has been obligated on SBAHQ23Y0045.
Which agency awarded SBAHQ23Y0045?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0045, 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