Maryland capital enterprises INC. - MD

Ended Project Grant Awarded

Award ID
SBAHQ24Y0035
Recipient
Awarding agency
Obligated
$152,624

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Salisbury, MD, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Small Business Administration (SBA) has awarded a $152,624 Microloan Program (CFDA 59.046) project grant to Maryland Capital Enterprises, Inc., a non-profit community development corporation. This funding will enable Maryland Capital Enterprises to provide microloans up to $50,000 and accompanying technical assistance to support small businesses, particularly those owned by women, minorities, and low-income entrepreneurs in underserved communities in Maryland. The organization specializes in delivering comprehensive support services, including direct microloans, entrepreneurial training, business counseling, and capacity-building, to help remove barriers to accessing capital and resources for small business growth and development. This grant is part of the SBA's Microloan Program, which aims to foster entrepreneurship and economic development in areas lacking traditional credit access.

Quick answers

Who received award SBAHQ24Y0035?

SBAHQ24Y0035 was awarded to Maryland Capital Enterprises, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0035 worth?

$152,624 has been obligated on SBAHQ24Y0035.

Which agency awarded SBAHQ24Y0035?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0035, with funding from Office of Capital Access (Small Business Administration).

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