Latino economic DEV corp - DC
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0004
- Recipient
-
Latino Economic Development Corporation Of Washington, D.c. UEI TMC6R8ADXEJ5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $108,545
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Washington, DC, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $108,545 Project Grant under the Microloan Program (CFDA 59.046) to the Latino Economic Development Corporation of Washington, D.C. (LEDC) on July 1, 2024. The award will fund LEDC's provision of microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities. As a certified Community Development Financial Institution (CDFI), LEDC leverages federal grants to deliver a range of financial services, training, and capacity-building support aimed at promoting economic development, expanding access to capital, and fostering resilience in its service areas. The grant will enable LEDC to continue implementing its programs focused on small business assistance, entrepreneurship training, and specialized aid for enterprises impacted by economic disruptions.
Quick answers
Who received award SBAHQ24Y0004?
SBAHQ24Y0004 was awarded to Latino Economic Development Corporation Of Washington, D.c. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0004 worth?
$108,545 has been obligated on SBAHQ24Y0004.
Which agency awarded SBAHQ24Y0004?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0004, with funding from Office of Capital Access (Small Business Administration).
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