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
- SBAHQ23Y0042
- Recipient
-
Southeast Asian Community Center UEI KKE2QRNSNB25
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $143,101
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- San Francisco, CA, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration awarded Southeast Asian Community Center a $143,101 Microloan Program Project Grant from July 1, 2023 to June 30, 2024. Through the SBA's Microloan Program (CFDA #59.046), which aims to expand access to credit for women, low-income, and minority entrepreneurs, Southeast Asian Community Center will provide microloans of $50,000 or less as well as business training and technical assistance to start-up, newly established, and growing small businesses in San Francisco, CA. As a past subrecipient under the City and County of San Francisco's SBA funding, Southeast Asian Community Center will also deliver small business services in English and Chinese, support commercial corridor businesses, and provide academic programming. Total SBA Microloan Program formula grants to the organization from 2019 to 2023 exceed $900,000.
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 SBAHQ23Y0042?
SBAHQ23Y0042 was awarded to Southeast Asian Community Center by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.
How much is award SBAHQ23Y0042 worth?
$143,101 has been obligated on SBAHQ23Y0042.
Which agency awarded SBAHQ23Y0042?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0042, with funding from Office of Capital Access (Small Business Administration).
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