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
- SBAHQ23Y0051
- Recipient
-
Trenton Business Assistance Corporation UEI DRHLAMN6NHF3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $366,208
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Trenton, NJ, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $366,208 formula grant under the Microloan Program (CFDA 59.046) to the Trenton Business Assistance Corporation (TBAC), doing business as Regional Business Assistance, for FY2023. TBAC, a non-profit community development corporation, utilized this funding to provide micro-level loans of under $50,000 and business development training/technical assistance to start-up, newly established, and growing small business concerns in Trenton, NJ. In prior fiscal years, TBAC also received $267,677 in FY2022 and $341,667 in FY2021 Microloan grants from the SBA to serve as an intermediary lender and technical assistance provider, delivering microloans and business/technical support to women, minority, and low-income entrepreneurs.
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 SBAHQ23Y0051?
SBAHQ23Y0051 was awarded to Trenton Business Assistance Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0051 worth?
$366,208 has been obligated on SBAHQ23Y0051.
Which agency awarded SBAHQ23Y0051?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0051, with funding from Office of Capital Access (Small Business Administration).
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