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
- SBAHQ23Y0056
- Recipient
-
Southeast Kentucky Economic Development UEI QX3HQAUT1DT3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $339,470
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Somerset, KY, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $339,470 Formula Grant to Southeast Kentucky Economic Development, a 36-year-old non-profit organization, to provide microloans, financial counseling, and technical assistance to start-up, newly established, and growing small businesses under the SBA Microloan Program (CFDA 59.046). This funding will enable Southeast Kentucky Economic Development to deliver a range of services, including lending, recruitment and expansion support, and training, to entrepreneurs and small business owners in underserved rural communities in southeastern Kentucky. The goal of this funding is to facilitate job creation, small business growth, and sustainable community development in an economically distressed 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 SBAHQ23Y0056?
SBAHQ23Y0056 was awarded to Southeast Kentucky Economic Development by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0056 worth?
$339,470 has been obligated on SBAHQ23Y0056.
Which agency awarded SBAHQ23Y0056?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0056, with funding from Office of Capital Access (Small Business Administration).
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