Southeast community capital - TN
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ23Y0071
- Recipient
-
Southeast Community Capital Corporation UEI NZ8AM9BJUPJ5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $505,702
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- 1417 Murfreesboro Pike, Nashville, TN 37217, USA
Award details come from USAspending.gov.
About this award
This $505,702 Formula Grant award from the Small Business Administration (SBA) Office of Capital Access supports the operations of Southeast Community Capital Corporation (Southeast Community Capital), a non-profit community development corporation, from July 1, 2023 to June 30, 2024.
The SBA Microloan Program (CFDA 59.046) provides funding to Southeast Community Capital to offer microloans under $50,000, as well as training and technical assistance, to women, low-income, and minority entrepreneurs, business owners, and other individuals with the capability to operate successful small businesses. The grant enables Southeast Community Capital to deliver these services in areas suffering from a lack of access to credit, facilitating small business growth and development in disadvantaged and underserved communities. As a microlender and community development financial institution, Southeast Community Capital has received over $10M in prior federal grant funding to support its mission.
Quick answers
Who received award SBAHQ23Y0071?
SBAHQ23Y0071 was awarded to Southeast Community Capital Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0071 worth?
$505,702 has been obligated on SBAHQ23Y0071.
Which agency awarded SBAHQ23Y0071?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0071, with funding from Office of Capital Access (Small Business Administration).
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