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
- SBAHQ23Y0109
- Recipient
-
Economic And Community Development Institute, Inc. UEI NCBNNNMBAEL3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $2,538,653
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Columbus, OH, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $2,538,653 Microloan Program (CFDA 59.046) Formula Grant to the Economic And Community Development Institute, Inc. (ECDI), a non-profit organization. The grant provides direct loans and grants to ECDI as an eligible microlender, enabling them to offer micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns, with a focus on women, low-income, and minority entrepreneurs and business owners. ECDI has previously partnered with organizations like the Local Initiatives Support Corporation to deliver pandemic relief, business education, and support services to minority- and women-owned construction contractors and residential developers under other federal grant programs.
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 SBAHQ23Y0109?
SBAHQ23Y0109 was awarded to Economic And Community Development Institute, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0109 worth?
$2,538,653 has been obligated on SBAHQ23Y0109.
Which agency awarded SBAHQ23Y0109?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0109, with funding from Office of Capital Access (Small Business Administration).
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