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
- SBAHQ23Y0053
- Recipient
-
Neighborhood Development Center Inc. UEI MTCTJKT9JS54
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $236,232
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- St Paul, MN, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $236,232 Microloan Program (CFDA #59.046) formula grant to Neighborhood Development Center Inc., a non-profit community development corporation located in St. Paul, Minnesota. This grant enables Neighborhood Development Center Inc. to provide direct microloans of under $50,000 to start-up and growing small businesses, as well as pre-loan and post-loan training and technical assistance for business planning and operations. This federal grant funding supports Neighborhood Development Center Inc.'s ongoing efforts to promote entrepreneurship, small business growth, and access to capital in underserved communities.
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 SBAHQ23Y0053?
SBAHQ23Y0053 was awarded to Neighborhood Development Center Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0053 worth?
$236,232 has been obligated on SBAHQ23Y0053.
Which agency awarded SBAHQ23Y0053?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0053, with funding from Office of Capital Access (Small Business Administration).
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