The Small Business Administration (SBA) awarded $203,844.31 under the Microloan Program (CFDA 59.046) Formula Grant to Redec Relending Corp. for the period of July 1, 2021 to June 30, 2022. Under this award, Redec Relending Corp. will provide microloans and business training/technical assistance to start-up, newly established, and growing small businesses in Painted Post, New York. The SBA Microloan Program aims to assist entrepreneurs, business owners, and individuals from underserved...
The federal Project Grant award of $129,305 was made to Redec Relending Corp, a non-profit organization located in Painted Post, NY, by the U.S. Small Business Administration (SBA) under the Microloan Program (CFDA #59.046). The award, with a performance period from July 1, 2024 to June 30, 2025, will enable Redec Relending Corp to provide microloans, business training, and technical assistance services to start-up, new, and growing small businesses in its local community. This funding aligns...
The Small Business Administration (SBA) awarded Rockingham Economic Development Corporation (REDC) $395,891 under the Microloan Program (CFDA #59.046) to provide microloans and business assistance to small businesses from July 1, 2021 to June 30, 2022. As an intermediary lender under the SBA Microloan Program, REDC will use the funding to issue microloans of $50,000 or less to eligible small businesses and provide entrepreneurial development assistance including business training and technical...
The Small Business Administration (SBA) Microloan Program (CFDA #59.046) awarded a $444,084 formula grant to Rockingham Economic Development Corp (REDC) to provide microloans and business-based training and technical assistance to startups, newly established, and growing small businesses in the region. Through this grant, REDC will issue microloans of less than $50,000 to support women, low-income, and minority entrepreneurs and small businesses lacking access to credit. Additionally, REDC...
The Small Business Administration (SBA) awarded a $1,255,090 Formula Grant under the Microloan Program (CFDA 59.046) to Nybdc Local Development Corp, a certified Community Development Financial Institution (CDFI) and nonprofit organization, for the period of July 1, 2024 to June 30, 2025. The grant funding will enable Nybdc Local Development Corp to provide microloans up to $50,000 or $100,000, as well as business training, technical assistance, and support services to small businesses,...
The U.S. Small Business Administration (SBA) awarded a $2,169,434 Microloan Program (CFDA 59.046) formula grant to Nybdc Local Development Corp, a nonprofit community development corporation and certified community development financial institution (CDFI). The grant, with a performance period from July 1, 2023 to June 30, 2024, enables Nybdc Local Development Corp to provide direct microloans under $100,000 and business training/technical assistance services to women, minority, and low-income...
The Small Business Administration (SBA) Microloan Program awarded $457,028 to the Rockingham Economic Development Corporation (REDc) through a Formula Grant to provide microloans and business training/technical assistance from July 1, 2022 to June 30, 2023. Under the SBA's Microloan Program (CFDA #59.046), REDc will use the funding to issue micro-level loans of under $100k to start-up, newly established, and growing small businesses in Raymond, NH. REDc will also offer business-based training...
The Small Business Administration (SBA) awarded a $1.4 million Formula Grant to Renaissance Economic Development Corporation through the Microloan Program (CFDA #59.046) to provide microloans and business assistance to small businesses in New York from July 1, 2021 to June 30, 2022. As an intermediary lender under the Microloan Program, Renaissance Economic Development Corporation will use the funding to issue micro-level loans of $50,000 or less to eligible small businesses, along with...
The Small Business Administration (SBA) Microloan Program awarded a $544,747 formula grant to the Center For Rural Affairs Community Capital, a non-profit organization and community development corporation. This grant, effective from July 1, 2023 to June 30, 2024, will enable the organization to provide microloans, business training, counseling, and technical assistance to start-up, newly established, and growing small businesses, with a focus on women, low-income, and minority entrepreneurs and...
The Small Business Administration (SBA) Microloan Program awarded a $134,691 formula grant to Renaissance Community Loan Fund Inc., a non-profit organization, to provide microloans, business training, and technical assistance to start-up, newly established, and growing small businesses. This grant, which runs from July 1, 2023 to June 30, 2024, is funded under the SBA's Microloan Program (CFDA 59.046). The program aims to assist women, low-income, and minority entrepreneurs, business owners, and...