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
- SBAHQ23Y0088
- Recipient
-
Ecdc Enterprise Development Group UEI X6ZKDKCP5AR3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $876,266
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Arlington, VA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) has awarded a $876,266 Formula Grant to Ecdc Enterprise Development Group, a non-profit community development corporation, under the SBA Microloan Program (CFDA 59.046). This grant will enable Ecdc Enterprise Dev to provide microloans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on supporting women, low-income, and minority entrepreneurs. The funding will be used to support microenterprise development, improve access to capital, and promote financial inclusion in underserved communities. This award builds upon Ecdc Enterprise Dev's extensive experience in delivering SBA Microloan Program and other federal grant-funded services to support small businesses and economic recovery since 2006.
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 SBAHQ23Y0088?
SBAHQ23Y0088 was awarded to Ecdc Enterprise Development Group by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0088 worth?
$876,266 has been obligated on SBAHQ23Y0088.
Which agency awarded SBAHQ23Y0088?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0088, with funding from Office of Capital Access (Small Business Administration).
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