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…

The Small Business Administration (SBA) Microloan Program, identified by CFDA Number 59.046, awarded a $453,047 Formula Grant to the South Eastern Economic Development Corporation (SEED Corp), a non-profit community development corporation located in Taunton, Massachusetts. This grant funding enables SEED Corp to provide direct microloans under $50,000 to start-up, newly established, and growing small business concerns, particularly women, low-income, and minority entrepreneurs. The grant also supports SEED Corp in delivering complementary business training and technical assistance to these small business clients. Past federal funding awarded to SEED Corp includes grants from the Department of Commerce Economic Development Administration, the Department of the Treasury's CDFI Rapid Response Program, and CDFI Financial Assistance, which have enabled the organization to expand its lending and business support services for regional small businesses.

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.