CDC small business FIN corp - CA

Ended Project Grant Awarded

Award ID
SBAHQ24Y0082
Recipient
Awarding agency
Obligated
$878,942

Award facts

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

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The federal Project Grant award, totaling $878,942.00, was provided by the U.S. Small Business Administration's (SBA) Office of Capital Access to the CDC Small Business Finance Corp. (CDC SBF), a nonprofit community development financial institution. The award is funded through the SBA Microloan Program (CFDA #59.046), which provides microloans up to $50,000 and technical assistance to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities.

Through this award, CDC SBF will deliver direct microloans, business training, and technical assistance to micro-entrepreneurs and small business owners in the San Diego, CA area. As a prime and sub-awardee of the SBA Microloan Program, CDC SBF has a track record of leveraging federal grant funding to strengthen the operations and lending capacity of small businesses in economically disadvantaged regions.

Quick answers

Who received award SBAHQ24Y0082?

SBAHQ24Y0082 was awarded to CDC Small Business Finance Corp. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0082 worth?

$878,942 has been obligated on SBAHQ24Y0082.

Which agency awarded SBAHQ24Y0082?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0082, with funding from Office of Capital Access (Small Business Administration).

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