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
- SBAHQ23Y0106
- Recipient
-
Corporacion Para El Financiamiento Empresarial Del Comercio Y Las Comunidades UEI KVW4LLM5H544
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $208,582
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- San Juan, Puerto Rico
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $208,582 Microloan Program (CFDA 59.046) formula grant to Corporacion Para El Financiamiento Empresarial Del Comercio Y Las Comunidades (Cofecc), a non-profit community development corporation located in San Juan, Puerto Rico. This grant provides direct loans and technical assistance to start-up, newly established, and growing small businesses, with a focus on supporting women, low-income, and minority entrepreneurs. Cofecc utilizes the SBA Microloan Program funding to offer microloans under $50,000 paired with entrepreneurial training and support services to foster the growth of micro, small, and cooperative businesses in underserved areas. The grant period runs from July 1, 2023, to June 30, 2024.
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 SBAHQ23Y0106?
SBAHQ23Y0106 was awarded to Corporacion Para El Financiamiento Empresarial Del Comercio Y Las Comunidades by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0106 worth?
$208,582 has been obligated on SBAHQ23Y0106.
Which agency awarded SBAHQ23Y0106?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0106, with funding from Office of Capital Access (Small Business Administration).
On GovTribe
See this award's full record
- Every transaction and subaward
- The recipient's other awards and teaming partners
- Similar grant awards
- Ask GovTribe AI about this award