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
- SBAHQ23Y0140
- Recipient
-
New Mexico Community Development Loan Fund, Inc. UEI XL16VQ6B8QW7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $240,000
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Albuquerque, NM, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) Microloan Program (CFDA 59.046) awarded a $240,000 formula grant to the New Mexico Community Development Loan Fund (CDLF), doing business as The Loan Fund, a non-profit community development financial institution. This grant enables CDLF to provide micro-level loans, business training, and technical assistance to start-up, newly established, and growing small business concerns in underserved communities in New Mexico. The Microloan Program aims to assist women, low-income, and minority entrepreneurs and business owners who have the capability to operate successful businesses but lack access to credit. The grant period is 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 SBAHQ23Y0140?
SBAHQ23Y0140 was awarded to New Mexico Community Development Loan Fund, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0140 worth?
$240,000 has been obligated on SBAHQ23Y0140.
Which agency awarded SBAHQ23Y0140?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0140, with funding from Office of Capital Access (Small Business Administration).
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