Project Grant SBAHQ24Y0071
- The Small Business Administration Office of Capital Access awarded a $145,000 Project Grant to the Northeast South Dakota Economic Corporation (Nesdec) through the Microloan Program (CFDA 59.046). Nesdec will provide microloans to small businesses and entrepreneurs in Sisseton, South Dakota from July 1, 2022 to June 30, 2023. The Microloan Program aims to assist women, low-income, and minority entrepreneurs and small business owners in underserved areas lacking access to credit. Nesdec will...
- The federal Project Grant award of $179,520 was provided by the U.S. Department of Agriculture's Rural Business Cooperative Services under the Rural Business Development Grant (RBDG) program (CFDA 10.351). The grant was awarded on July 25, 2024 to Northeast South Dakota Economic Corp (Nesdec), a non-profit organization focused on supporting small businesses and entrepreneurs in rural South Dakota. The funding will be used by Nesdec to deliver a range of economic development services over a...
- The Small Business Administration (SBA) awarded $1.76 million to Northeast Entrepreneur Fund, Inc. through the Microloan Program (CFDA #59.046) for the period of July 1, 2021 to June 30, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans of under $100k, as well as business training and technical assistance, to support start-ups, newly established and growing small businesses. Northeast Entrepreneur Fund, Inc. will utilize...
- The U.S. Small Business Administration (SBA) awarded a $111,660 Project Grant under the Microloan Program (CFDA 59.046) to Community Development Resources, a non-profit community development corporation, for the period of July 1, 2024 to June 30, 2025. This grant enables Community Development Resources to provide microloans up to $50,000 and accompanying technical assistance to women, low-income, and minority entrepreneurs as well as small businesses lacking access to credit in its local...
- The U.S. Small Business Administration (SBA) awarded a $740,794 Project Grant under the Microloan Program (CFDA 59.046) to the Seattle Economic Development Fund, also known as Business Impact NW, a non-profit Community Development Financial Institution (CDFI). The grant will enable the organization to provide microloans up to $50,000 and accompanying technical assistance to support small businesses, particularly those owned by women, minorities, veterans, and low-income individuals in...
- The Small Business Administration (SBA) awarded a $206,883 Project Grant under the Microloan Program (CFDA 59.046) to the Southwest Initiative Foundation, a non-profit organization based in Hutchinson, Minnesota. This grant, with a performance period from July 1, 2024 to June 30, 2025, will enable the Southwest Initiative Foundation to provide microloans up to $50,000 and technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in...
- The Small Business Administration awarded a $144,728 Microloan Program (CFDA 59.046) formula grant to Community Development Resources, a non-profit community development corporation and Community Development Financial Institution in Lincoln, NE. The grant provides operating funds for Community Development Resources to deliver microloans up to $50,000 and provide management training and technical assistance to women, low-income, and minority entrepreneurs and small businesses lacking access to...
- The U.S. Small Business Administration (SBA) awarded a $240,247 Project Grant under the Microloan Program (CFDA 59.046) to the Adirondack Economic Development Corporation (A E D C), a nonprofit Community Development Corporation (CDC) serving the Adirondack region of New York. The grant, with a performance period from July 1, 2024 to June 30, 2025, will enable A E D C to provide microloans up to $50,000 and business support services to women, minority, and low-income entrepreneurs and small...
- The Small Business Administration (SBA) awarded $393,671 under the Microloan Program (CFDA #59.046) Formula Grant to the Nebraska Enterprise Fund for the period of July 1, 2021 to June 30, 2022. The Microloan Program provides direct loans and grants to eligible non-profit microlenders to offer micro-level loans and business assistance to start-up, newly established, and growing small businesses. As the sub-awardee, the Nebraska Enterprise Fund will utilize the funding to provide microloans and...
- The U.S. Small Business Administration (SBA) awarded a $255,661 Formula Grant under the Microloan Program (CFDA 59.046) to the Nebraska Enterprise Fund, a certified Community Development Financial Institution (CDFI) and microlender, for the period of July 1, 2024 to June 30, 2025. Through this federal grant, the Nebraska Enterprise Fund will provide microloans up to $50,000 and technical assistance to small businesses, particularly those owned by women, minorities, veterans, and low-income...
The U.S. Small Business Administration (SBA) awarded a $150,000 Project Grant to Northeast South Dakota Economic Corp (Nesdec), a non-profit organization, under the SBA's Microloan Program (CFDA 59.046). The grant, effective July 1, 2024 through June 30, 2025, will enable Nesdec to provide microloans up to $50,000 and technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved rural areas of South Dakota. Nesdec has received over $4.5 million in prior federal funding from programs such as the USDA's Rural Business Cooperative Service and the Treasury's Community Development Financial Institutions Fund to support its small business lending, training, and economic development initiatives. The Microloan Program funding allows Nesdec to continue its mission of fostering entrepreneurship and expanding access to capital in economically disadvantaged regions.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $150.0k | 7/1/24 |