Community enterprise DEV services - CO
Ended Formula Grant Awarded
- Award ID
- SBAHQ24Y0108
- Recipient
-
Ceds Finance UEI XGENN65XJKY1
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $216,275
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Denver, CO, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $216,275 Formula Grant under the Microloan Program (CFDA #59.046) to Ceds Finance, a non-profit community development financial institution (CDFI) in Denver, Colorado. The grant funding will enable Ceds Finance to provide microloans up to $50,000 and associated technical assistance to women, minority, and low-income entrepreneurs, as well as small businesses in underserved communities impacted by COVID-19. Ceds Finance, as a CDFI, has a track record of leveraging federal grants to expand access to capital and business services for disadvantaged small business owners. This SBA Microloan Program award from July 1, 2024 to June 30, 2025 will contribute to Ceds Finance's efforts to foster entrepreneurship and economic development in the Denver metro area through its microlending and advisory services.
Quick answers
Who received award SBAHQ24Y0108?
SBAHQ24Y0108 was awarded to Ceds Finance by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0108 worth?
$216,275 has been obligated on SBAHQ24Y0108.
Which agency awarded SBAHQ24Y0108?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0108, with funding from Office of Capital Access (Small Business Administration).
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