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
- SBAHQ23Y0130
- Recipient
-
New Bedford Economic Development Council, Inc. UEI Q9LVVX3N65K8
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $107,338
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- New Bedford, MA, USA
Award details come from USAspending.gov.
About this award
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 a focus on serving women, minorities, and other underserved entrepreneurs lacking access to credit. The grant period runs from July 1, 2023 to June 30, 2024.
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 SBAHQ23Y0130?
SBAHQ23Y0130 was awarded to New Bedford Economic Development Council, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0130 worth?
$107,338 has been obligated on SBAHQ23Y0130.
Which agency awarded SBAHQ23Y0130?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0130, with funding from Office of Capital Access (Small Business Administration).
On GovTribe
See this award's full record
- Every transaction and subaward
- The recipient's other awards and teaming partners
- Similar grant awards
- Ask GovTribe AI about this award