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
- SBAHQ23Y0139
- Recipient
-
BOC Capital Corp. UEI DYFJKCT5WUD9
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $845,340
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Brooklyn, NY, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) Microloan Program awarded a $845,340 Formula Grant to BOC Capital Corp., a non-profit community development corporation located in Brooklyn, New York. This grant, awarded on July 1, 2023 for the period ending June 30, 2024, is intended to support BOC Capital Corp.'s provision of microloans, financial assistance, and technical assistance to start-up, newly established, and growing small business concerns, particularly targeting women, low-income, and minority entrepreneurs and business owners in underserved communities. Funded through the SBA's Microloan Program (CFDA 59.046), this award will enable BOC Capital Corp. to expand access to credit and capital for these target populations through direct microloans paired with comprehensive small business training and support programs.
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 SBAHQ23Y0139?
SBAHQ23Y0139 was awarded to BOC Capital Corp. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0139 worth?
$845,340 has been obligated on SBAHQ23Y0139.
Which agency awarded SBAHQ23Y0139?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0139, 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