Microloan program- intermediary lender and technical assistance provider

Ended Project Grant Awarded Last action

Award ID
SBAHQ22Y0099
Recipient
Awarding agency
Obligated
$267,677

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Trenton, NJ, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Trenton Business Assistance Corporation (TBAC), doing business as Regional Business Assistance, was awarded a $267,677 Project Grant from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA #59.046). The grant will support TBAC's role as an intermediary lender and technical assistance provider from July 1, 2022 to June 30, 2023. As an SBA Microloan Program intermediary, TBAC will utilize the federal funding to provide small, short-term loans of $50,000 or less to small business owners and entrepreneurs, as well as associated technical assistance, in order to help those individuals start or expand their business operations. The Microloan Program aims to foster economic development in areas lacking access to credit by assisting women, minority, and low-income entrepreneurs.

Quick answers

Who received award SBAHQ22Y0099?

SBAHQ22Y0099 was awarded to Trenton Business Assistance Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.

How much is award SBAHQ22Y0099 worth?

$267,677 has been obligated on SBAHQ22Y0099.

Which agency awarded SBAHQ22Y0099?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0099, with funding from Office of Capital Access (Small Business Administration).

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