Formula Grant SBAHQ24Y0077
- The U.S. Small Business Administration (SBA) awarded a $2,169,434 Microloan Program (CFDA 59.046) formula grant to Nybdc Local Development Corp, a nonprofit community development corporation and certified community development financial institution (CDFI). The grant, with a performance period from July 1, 2023 to June 30, 2024, enables Nybdc Local Development Corp to provide direct microloans under $100,000 and business training/technical assistance services to women, minority, and low-income...
- The Small Business Administration (SBA) awarded $1,330,546 to the Nybdc Local Development Corporation through the Microloan Program (CFDA #59.046) for the period of July 1, 2021 to June 30, 2022. This Formula Grant funding will enable the Nybdc Local Development Corporation to provide microloans and business training/technical assistance services to start-up, newly established, and growing small businesses in Albany, New York. The Microloan Program aims to assist women, low-income, and...
- Federal Grant Award Summary NYBDC Local Development Corp received a $894,051 Project Grant from the Small Business Administration's (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) for the period of July 1, 2025 through June 30, 2026. As a certified Community Development Financial Institution (CDFI), the organization will utilize these funds to provide microloans up to $50,000 to startup, newly established, and growing small business concerns in underserved communities...
- The U.S. Small Business Administration (SBA) awarded a $214,352 Project Grant under the Microloan Program (CFDA 59.046) to Community Capital New York, Inc. (doing business as Community Capital New YOR) on July 1, 2024. This funding will be used by the community development financial organization to provide microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities. The...
- The Small Business Administration (SBA) awarded Community Capital New York, Inc. $604,437 under the Microloan Program (CFDA #59.046) to provide microloans and business training/technical assistance to startup, newly established, and growing small businesses from July 2021 through September 2022. The Microloan Program aims to assist women, low-income, and minority entrepreneurs as well as small businesses in underserved areas through direct loans of $50,000 or less along with business-based...
- The U.S. Small Business Administration (SBA) awarded a $111,660 Project Grant under the Microloan Program (CFDA 59.046) to Community Development Resources, a non-profit community development corporation, for the period of July 1, 2024 to June 30, 2025. This grant enables Community Development Resources to provide microloans up to $50,000 and accompanying technical assistance to women, low-income, and minority entrepreneurs as well as small businesses lacking access to credit in its local...
- The Small Business Administration (SBA) awarded a $1.92 million Formula Grant to Ascendus, Inc. doing business as Accion USA through the Microloan Program (CFDA #59.046) to provide microloans and business training/technical assistance to small businesses from July 2022 to June 2023. The Microloan Program aims to assist entrepreneurs and business owners in underserved areas through direct loans of up to $50,000 and grants to intermediary microlenders. As the sub-awardee, Accion USA will...
- 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) awarded a $240,247 Project Grant under the Microloan Program (CFDA 59.046) to the Adirondack Economic Development Corporation (A E D C), a nonprofit Community Development Corporation (CDC) serving the Adirondack region of New York. The grant, with a performance period from July 1, 2024 to June 30, 2025, will enable A E D C to provide microloans up to $50,000 and business support services to women, minority, and low-income entrepreneurs and small...
- 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...
The Small Business Administration (SBA) awarded a $1,255,090 Formula Grant under the Microloan Program (CFDA 59.046) to Nybdc Local Development Corp, a certified Community Development Financial Institution (CDFI) and nonprofit organization, for the period of July 1, 2024 to June 30, 2025. The grant funding will enable Nybdc Local Development Corp to provide microloans up to $50,000 or $100,000, as well as business training, technical assistance, and support services to small businesses, particularly those owned by women, minorities, low-income individuals, and veterans in underserved communities lacking access to traditional credit sources. The goal is to foster entrepreneurship, economic development, and community revitalization in these areas. As a federal grant sub-awardee, Nybdc Local Development Corp partners with organizations like Syracuse University's Institute for Veterans and Military Families to deliver entrepreneurship programs for veterans, demonstrating its commitment to collaborative efforts in supporting small businesses.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $1.3m | 7/1/24 |