The U.S. Small Business Administration (SBA) awarded a $375,704 Project Grant under the Microloan Program (CFDA 59.046) to the South Eastern Economic Development Corporation (SEED Corp), a non-profit community development corporation in Taunton, Massachusetts. The funding will enable SEED Corp, a Community Development Financial Institution (CDFI), to provide microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and...
The South Eastern Economic Development Corporation received a $547,974 Formula Grant award from the Small Business Administration under the Microloan Program (CFDA #59.046) to provide microloans and business assistance services to small businesses from July 2021 to June 2022. As part of the Microloan Program, the Corporation will use the funding to offer direct loans of $50,000 or less to eligible small businesses and entrepreneurs in Taunton, Massachusetts. In addition, the Corporation will...
The $800,000 federal Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to the South Eastern Economic Development Corporation (SEED Corp), a community development financial institution based in Taunton, Massachusetts. The funding will enable SEED Corp to administer microloan programs, establish revolving loan funds, and deliver comprehensive business training and technical assistance to support small...
The Small Business Administration (SBA) awarded a $107,338 Microloan Program (CFDA 59.046) Formula Grant to the New Bedford Economic Development Council, Inc., a nonprofit organization, to provide microloans, business training, and technical assistance to start-up, newly established, and growing small businesses in New Bedford, Massachusetts. As a microlender, the Council will utilize the SBA funding to issue microloans under $50,000 and deliver business-based training and support services, with...
The Small Business Administration awarded $191,164.33 under the Microloan Program (CFDA #59.046) to Southeast Community Capital Corporation for the period of July 1, 2021 through June 7, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business training/technical assistance to start-ups, new, and growing small businesses. As the sub-awardee, Southeast Community Capital will utilize the funding to provide microloans...
The Small Business Administration (SBA) awarded $163,747 to the New Bedford Economic Development Council, Inc. through the Microloan Program (CFDA #59.046) to provide microloans and business assistance to small businesses in New Bedford, Massachusetts from July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, the Council will use the funding to issue micro-level loans of $50,000 or less to start-up, newly established, and growing small business concerns. In addition,...
The Small Business Administration (SBA) Microloan Program (CFDA #59.046) awarded a $444,084 formula grant to Rockingham Economic Development Corp (REDC) to provide microloans and business-based training and technical assistance to startups, newly established, and growing small businesses in the region. Through this grant, REDC will issue microloans of less than $50,000 to support women, low-income, and minority entrepreneurs and small businesses lacking access to credit. Additionally, REDC...
The Small Business Administration (SBA) awarded Community Economic Development Fund Foundation, Inc. The a $596,397 Formula Grant under the Microloan Program (CFDA #59.046) for the period of July 1, 2023 to June 30, 2024. As a microlender under the SBA Microloan Program, Community Economic Development Fund provides microloans of $50,000 or less combined with business training and technical assistance services to start-up, newly established, and growing small businesses in the Meriden, CT area....
The Small Business Administration (SBA) awarded a $375,822 Microloan Program (CFDA 59.046) Formula Grant to Coastal Enterprises, a nonprofit community development financial institution (CDFI), to provide microloans, training, and technical assistance to start-up, newly established, and growing small business concerns. This one-year grant, effective July 1, 2023 through June 30, 2024, supports Coastal Enterprises' efforts to assist women, low-income, and minority entrepreneurs and small...
The Small Business Administration (SBA) awarded a $676,810 Microloan Program (CFDA 59.046) Formula Grant to the Seattle Economic Development Fund, a Seattle-based non-profit organization. The grant funds will be used by the Seattle Economic Development Fund to provide microloans up to $50,000 and customized business and financial training to women, low-income, and minority entrepreneurs and small business owners from July 1, 2023 to June 30, 2024. The Microloan Program aims to assist those...