Northeast entrepreneur fund INC - MN
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ23Y0122
- Recipient
-
Northeast Entrepreneur Fund, Inc. UEI XX8MXJNE8KK7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $2,219,438
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Duluth, MN, USA
Award details come from USAspending.gov.
About this award
The Northeast Entrepreneur Fund, Inc. (doing business as Entrepreneur Fund), a nonprofit financial services organization, was awarded a $2,219,438 Formula Grant by the Small Business Administration Office of Capital Access to support its Microloan Program (CFDA 59.046). This grant will fund Entrepreneur Fund's delivery of small business financing, training, and technical assistance to entrepreneurs across 17 counties in northern Minnesota and northwest Wisconsin from July 1, 2023 to June 30, 2024. The Microloan Program aims to assist women, low-income, and minority entrepreneurs, business owners, and other individuals possessing the capability to operate successful business concerns in areas suffering from a lack of credit. Entrepreneur Fund has been a prime recipient of over $20 million in federal grants since 2007, largely from the SBA, CDFI Fund, and USDA, to support microenterprise lending, technical assistance, and other entrepreneurial development initiatives. The organization has also received subawards from partners such as the City of Duluth and Local Initiatives Support Corporation to expand its small business support services.
Quick answers
Who received award SBAHQ23Y0122?
SBAHQ23Y0122 was awarded to Northeast Entrepreneur Fund, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0122 worth?
$2,219,438 has been obligated on SBAHQ23Y0122.
Which agency awarded SBAHQ23Y0122?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0122, with funding from Office of Capital Access (Small Business Administration).
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