Nusenda credit union - NM
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ24PR0015
- Recipient
-
Nusenda Federal Credit Union UEI FLGCP7M7TNW3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $290,000
Award facts
- Assistance listing
- 59.050 Prime Technical Assistance
- 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 U.S. Small Business Administration's (SBA) Office of Capital Access awarded a $290,000 PRIME (Program for Investment in Microentrepreneurs) grant to Nusenda Credit Union, a Community Development Financial Institution (CDFI) located in Albuquerque, New Mexico. The PRIME program, with the CFDA number 59.050, provides federal funding to support microenterprise development through training, technical assistance, and capacity-building services for disadvantaged entrepreneurs and small business owners.
Through this Project Grant award, which has a period of performance from September 30, 2024 to September 29, 2025, Nusenda Credit Union will deliver targeted financial and business development resources to microentrepreneurs and small businesses, particularly in rural and underserved areas of New Mexico. The credit union has a track record of leveraging federal grants to support economic development initiatives and has received multiple PRIME grants, as well as funding from the USDA's Rural Microentrepreneur Assistance Program and the Treasury Department's CDFI Rapid Response Program.
Quick answers
Who received award SBAHQ24PR0015?
SBAHQ24PR0015 was awarded to Nusenda Federal Credit Union by Office of the Chief Operating Officer (Small Business Administration) on September 30, 2024.
How much is award SBAHQ24PR0015 worth?
$290,000 has been obligated on SBAHQ24PR0015.
Which agency awarded SBAHQ24PR0015?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24PR0015, with funding from Office of Capital Access (Small Business Administration).
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