The small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training…
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ23Y0012
- Recipient
-
CDC Small Business Finance Corp. UEI MWQJL3KSEYE4
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $654,050
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- San Diego, CA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) provided a $654,050 Project Grant award to CDC Small Business Finance Corp. (CDC SBF), a non-profit community development financial institution, under the SBA Microloan Program (CFDA #59.046). Through this grant, CDC SBF will offer microloans of up to $50,000 and provide business training and technical assistance to startup, newly established, and growing small businesses, particularly those in underserved communities lacking access to capital. As a top SBA lender, CDC SBF leverages this funding to strengthen the operations and lending capacity of micro-entrepreneurs and small business owners across San Diego, California.
Description
The small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training and technical assistance to start- up, newly established and growing small business concerns.
Quick answers
Who received award SBAHQ23Y0012?
SBAHQ23Y0012 was awarded to CDC Small Business Finance Corp. by Office of the Chief Operating Officer (Small Business Administration) on July 25, 2023.
How much is award SBAHQ23Y0012 worth?
$654,050 has been obligated on SBAHQ23Y0012.
Which agency awarded SBAHQ23Y0012?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0012, with funding from Office of Capital Access (Small Business Administration).
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