Formula Grant SBAHQ23Y0135

Award Date 7/1/23
Completion Date 6/30/24
Dollars Obligated $225K
Funding Federal Agency
Office of Capital Access
Federal Grant Program
59.046
Assistance Type
Formula Grant
Place of Performance
Fitchburg, MA 01420, USA
Similar Awards
The North Central Massachusetts Development Corporation (NCMDC) was awarded a $123,005 Project Grant from the U.S. Small Business Administration's Microloan Program (CFDA 59.046) to provide microloans up to $50,000 and accompanying business development training and counseling services to small businesses, particularly startups and those in underserved communities, in the Fitchburg, MA area. The grant has a period of performance from July 1, 2024 to June 30, 2025. As a community development...
The North Central Massachusetts Development Corporation (NCMDC) received a $609,566 project grant award from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046). The grant will support NCMDC's provision of technical assistance services to women, low-income, minority, and other entrepreneurs in Fitchburg, Massachusetts from July 1, 2022 to June 30, 2023. The Microloan Program aims to assist small businesses and individuals in underserved...
The Small Business Administration (SBA) awarded $280,847 to the North Central Massachusetts Development Corporation through the Microloan Program (CFDA #59.046) to provide microloans and business assistance to small businesses from July 1, 2021 to June 30, 2022. The Microloan Program aims to assist entrepreneurs, business owners, and individuals in underserved areas by providing direct loans and grants to eligible nonprofit microlenders. Through this Formula Grant, the North Central...
The Small Business Administration (SBA) awarded a $264,645 Microloan Program Formula Grant to Neighborhood Development Center Inc. to provide microloans and business training/technical assistance services from July 1, 2021 through June 30, 2022. The Microloan Program (CFDA #59.046) aims to assist entrepreneurs, business owners, and individuals in underserved areas by providing small, direct loans and supporting services to start-up, newly established, and growing small businesses. As a...
The U.S. Small Business Administration (SBA) has awarded a $702,681 Formula Grant to the Neighborhood Community Development Fund (NCDF) under the SBA Microloan Program (CFDA 59.046). This grant funding will enable NCDF, a nonprofit community development organization, to provide microloans up to $50,000 along with business training and technical assistance to start-up and growing small businesses, particularly those owned by women, minorities, and low-income individuals, in the Pittsburgh, PA...
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 (SBA) awarded Community Teamwork, Inc. a $131,602 Formula Grant under the Microloan Program (CFDA #59.046) to provide microloans and business assistance services from July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, Community Teamwork will use the funding to offer micro-level loans of under $50,000 combined with business training and technical assistance to start-up, newly established, and growing small businesses in Lowell,...
The Small Business Administration (SBA) awarded $139,373.53 under the Microloan Program (CFDA #59.046) Formula Grant to the Northern Me Dev Commission for the period of July 1, 2021 to June 30, 2022. The grant funds microloans and business training/technical assistance services to start-ups, new, and growing small businesses through eligible non-profit microlenders. The Microloan Program aims to assist entrepreneurs, business owners, and individuals from underserved demographic groups in areas...
The U.S. Small Business Administration (SBA) awarded a $227,047 Formula Grant under the Microloan Program (CFDA 59.046) to Neighborhood Development Center Inc., a non-profit community development corporation based in St. Paul, Minnesota. The grant provides funding for the organization to offer microloans up to $50,000 and comprehensive technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities. The grant has a...
The U.S. Small Business Administration (SBA) awarded a $729,305 Formula Grant under the Microloan Program (CFDA 59.046) to the Neighborhood Community Development Fund, a non-profit organization based in Pittsburgh, PA. Through this grant, the Neighborhood Community Development Fund will provide microloans up to $50,000 along with business training and technical assistance to start-up, newly established, and growing small businesses in the region. The Microloan Program aims to assist women,...

The North Central Massachusetts Development Corporation (NCMDC) received a $224,890 Formula Grant award on July 1, 2023 from the U.S. Small Business Administration (SBA) Microloan Program (CFDA 59.046). The SBA Microloan Program provides direct loans and grants to non-profit microlenders to offer microloans up to $50,000 and provide business training and technical assistance to start-up, newly established, and growing small businesses in underserved communities. As a non-profit community development financial institution, NCMDC will utilize the SBA Formula Grant funding to provide direct microloans and deliver business development services, including counseling and support services, to eligible small business owners and entrepreneurs located in Fitchburg, MA. The organization also previously received a $1.065 million Project Grant from the CDFI Rapid Response Program and funding from the CARES Act to expand products and services for small businesses impacted by COVID-19.

Generated 4/9/24, 11:37 AM