New mexico community DEV loan fund INC. - NM

Ended Project Grant Awarded Last action

Award ID
SBAHQ24Y0040
Recipient
Awarding agency
Obligated
$134,545

Award facts

Assistance listing
59.046 Microloan Program
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

Written by GovTribe AI ·

This $134,545 Project Grant awarded by the U.S. Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) supports the New Mexico Community Development Loan Fund, doing business as The Loan Fund, a nonprofit community development financial institution. The funding enables The Loan Fund to provide microloans up to $50,000 and comprehensive business training and technical assistance to women, low-income, and minority entrepreneurs and small business owners in underserved communities across New Mexico. The grant award period runs from July 1, 2024 to June 30, 2025, with the goal of fostering entrepreneurship and economic development by bridging gaps in access to capital for the state's small business ecosystem.

Quick answers

Who received award SBAHQ24Y0040?

SBAHQ24Y0040 was awarded to New Mexico Community Development Loan Fund, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0040 worth?

$134,545 has been obligated on SBAHQ24Y0040.

Which agency awarded SBAHQ24Y0040?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0040, with funding from Office of Capital Access (Small Business Administration).

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