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
- SBAHQ23Y0117
- Recipient
-
Rockingham Economic Development Corp UEI QNHGC1XLAV99
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $444,084
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Raymond, NH, USA
Award details come from USAspending.gov.
About this award
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 will offer entrepreneurial training and other support services to these small business concerns. This funding will enable REDC, a non-profit community development corporation, to continue its work in supporting small business development and growth in the local community.
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 SBAHQ23Y0117?
SBAHQ23Y0117 was awarded to Rockingham Economic Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0117 worth?
$444,084 has been obligated on SBAHQ23Y0117.
Which agency awarded SBAHQ23Y0117?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0117, with funding from Office of Capital Access (Small Business Administration).
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