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 $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...
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 New Bedford Economic Development Council, Inc. was awarded a $145,303 Project Grant from the Small Business Administration Office of Capital Access under the Microloan Program (CFDA 59.046) for the period of July 1, 2022 through June 30, 2023. The grant funding will support the Council's provision of technical assistance services to women, low-income, minority and other entrepreneurs and small business owners in need of access to credit in the New Bedford, Massachusetts area. The Microloan...
The Small Business Administration (SBA) awarded $163,747 to the New Bedford Economic Development Council, Inc. through the Microloan Program (CFDA #59.046) to provide microloans and business assistance to small businesses in New Bedford, Massachusetts from July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, the Council will use the funding to issue micro-level loans of $50,000 or less to start-up, newly established, and growing small business concerns. In addition,...
The Neighborhood Development Center Inc. was awarded a $713,002 Project Grant from the Small Business Administration Office of Capital Access under the Microloan Program (CFDA 59.046) to provide pre-loan and post-loan technical assistance to support small businesses from July 1, 2022 to June 30, 2023. The Microloan Program aims to assist entrepreneurs and small business owners in underserved areas by providing credit and support services. Under this award, Neighborhood Development Center 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 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 $225,876.88 to Common Capital, Inc. through its Microloan Program (CFDA #59.046) for the period of July 1, 2021 to June 30, 2022. As a microlender under the SBA Microloan Program, Common Capital will provide microloans of $50k or less as well as business training and technical assistance to start-up, newly established, and growing small businesses in Springfield, Massachusetts. The Microloan Program aims to assist entrepreneurs who face barriers to...
The U.S. Small Business Administration (SBA) awarded a $375,704 Project Grant under the Microloan Program (CFDA 59.046) to the South Eastern Economic Development Corporation (SEED Corp), a non-profit community development corporation in Taunton, Massachusetts. The funding will enable SEED Corp, a Community Development Financial Institution (CDFI), to provide microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and...