Redec relending corp - NY
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0051
- Recipient
-
Redec Relending Corp UEI P21SFLLDCAS6
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $129,305
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Painted Post, NY, USA
Award details come from USAspending.gov.
About this award
The federal Project Grant award of $129,305 was made to Redec Relending Corp, a non-profit organization located in Painted Post, NY, by the U.S. Small Business Administration (SBA) under the Microloan Program (CFDA #59.046). The award, with a performance period from July 1, 2024 to June 30, 2025, will enable Redec Relending Corp to provide microloans, business training, and technical assistance services to start-up, new, and growing small businesses in its local community. This funding aligns with the Microloan Program's goal of supporting women, low-income, and minority entrepreneurs, and small businesses lacking access to traditional credit in underserved areas. Redec Relending Corp has previously received annual SBA Microloan Program grants ranging from $104,793 to $203,844 between 2019-2024, which it has used to deliver similar small business development services.
Quick answers
Who received award SBAHQ24Y0051?
SBAHQ24Y0051 was awarded to Redec Relending Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0051 worth?
$129,305 has been obligated on SBAHQ24Y0051.
Which agency awarded SBAHQ24Y0051?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0051, with funding from Office of Capital Access (Small Business Administration).
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