Microloan
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ22Y0109
- 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 Office of Capital Access awarded a $240,000 Project Grant to the New Mexico Community Development Loan Fund doing business as The Loan Fund through the Microloan Program (CFDA 59.046). The grant will support The Loan Fund in providing microloans to women, low-income, and minority entrepreneurs and small business owners in Albuquerque, New Mexico from July 1, 2022 to June 30, 2023. The Microloan Program aims to foster economic development in underserved areas through access to small, short-term loans and business support services to help capable individuals establish successful small businesses. The funding will allow The Loan Fund to extend capital and assistance to entrepreneurs and business owners who lack access to traditional sources of credit.
Quick answers
Who received award SBAHQ22Y0109?
SBAHQ22Y0109 was awarded to New Mexico Community Development Loan Fund, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0109 worth?
$240,000 has been obligated on SBAHQ22Y0109.
Which agency awarded SBAHQ22Y0109?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0109, with funding from Office of Capital Access (Small Business Administration).
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