North central massachusetts DEV corp - MA

Ended Project Grant Awarded

Award ID
SBAHQ24Y0042
Recipient
Awarding agency
Obligated
$123,005

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Fitchburg, MA 01420, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The North Central Massachusetts Development Corporation (NCMDC) was awarded a $123,005 Project Grant from the U.S. Small Business Administration's Microloan Program (CFDA 59.046) to provide microloans up to $50,000 and accompanying business development training and counseling services to small businesses, particularly startups and those in underserved communities, in the Fitchburg, MA area. The grant has a period of performance from July 1, 2024 to June 30, 2025. As a community development financial institution, NCMDC utilizes federal Microloan Program grant funding to finance direct small business microloans and deliver technical assistance to eligible entrepreneurs. This supports the program's objective of fostering entrepreneurship and economic development in regions lacking traditional credit access.

Quick answers

Who received award SBAHQ24Y0042?

SBAHQ24Y0042 was awarded to The North Central Massachusetts Development Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0042 worth?

$123,005 has been obligated on SBAHQ24Y0042.

Which agency awarded SBAHQ24Y0042?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0042, with funding from Office of Capital Access (Small Business Administration).

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