Project Grant SBAHQ24Y0083
- Federal Project Grant Award Summary The Small Business Administration's (SBA) Office of Capital Access awarded Cooperative Business Assistance Corp (CBAC) a Project Grant of $658,381 under the Microloan Program (CFDA 59.046), effective July 1, 2025 through June 30, 2026. As an established Community Development Financial Institution (CDFI) based in Camden, New Jersey, CBAC will utilize this funding to deliver comprehensive technical assistance, training, and capacity-building services to...
- The Small Business Administration (SBA) Office of Capital Access awarded a $1,254,260 Formula Grant to Cooperative Business Assistance Corp, a non-profit organization in Camden, NJ, to provide services under the SBA Microloan Program (CFDA 59.046). The grant, which runs from July 1, 2023 to June 30, 2024, will allow Cooperative Business Assistance Corp to offer micro-lending, technical assistance, training, and counseling to women, minority, and low-income entrepreneurs and small businesses in...
- The Small Business Administration's (SBA) Microloan Program awarded $341,667 to the Regional Business Assistance Corporation in Trenton, New Jersey through a formula grant. The grant period runs from July 1, 2021 to June 30, 2022. Under the Microloan Program (CFDA #59.046), the Regional Business Assistance Corporation will provide microloans of $50,000 or less to small businesses and entrepreneurs, along with business training and technical assistance services. The program aims to expand...
- Federal Grant Award Summary Trenton Business Assistance Corporation (TBAC), doing business as Regional Business Assistance, received a Project Grant award of $280,518 from the U.S. Small Business Administration's (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) effective July 1, 2025, through June 30, 2026. As an intermediary lender, TBAC will utilize these funds to provide microloans up to $50,000 to startup, newly established, and growing small business concerns, with...
- The Small Business Administration's (SBA) Microloan Program awarded $1.3 million to the Union County Economic Development Corporation (UCEDC) to provide microloans and business assistance services to small businesses from July 2021 through June 2022. The Microloan Program (CFDA #59.046) aims to assist entrepreneurs, business owners, and individuals in developing or growing small concerns and addressing credit needs in underserved areas. Through this Formula Grant, UCEDC will utilize direct loans...
- The U.S. Small Business Administration (SBA) awarded a $366,208 formula grant under the Microloan Program (CFDA 59.046) to the Trenton Business Assistance Corporation (TBAC), doing business as Regional Business Assistance, for FY2023. TBAC, a non-profit community development corporation, utilized this funding to provide micro-level loans of under $50,000 and business development training/technical assistance to start-up, newly established, and growing small business concerns in Trenton, NJ. In...
- The U.S. Small Business Administration (SBA) awarded a $125,464 Project Grant to The Enterprise Center Capital Corporation, a non-profit organization, under the SBA's Microloan Program (CFDA 59.046). This grant will support the organization's efforts 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 communities. The funding period is from July 1, 2024, to June 30, 2025. The...
- The Small Business Administration (SBA) awarded a $1,501,891 Formula Grant under the SBA Microloan Program (CFDA #59.046) to the Union County Economic Development Corporation (UCEDC), a private non-profit organization, for the period of July 1, 2023 to June 30, 2024. The grant funding will enable UCEDC to provide direct microloans of less than $50,000 and business training/technical assistance to start-up, newly established, and growing small businesses, particularly those owned by women,...
- The Trenton Business Assistance Corporation (TBAC), doing business as Regional Business Assistance, was awarded a $267,677 Project Grant from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA #59.046). The grant will support TBAC's role as an intermediary lender and technical assistance provider from July 1, 2022 to June 30, 2023. As an SBA Microloan Program intermediary, TBAC will utilize the federal funding to provide small, short-term loans...
- The Small Business Administration (SBA) awarded a $598,791 Project Grant under the Microloan Program (CFDA 59.046) to Accompany Capital Inc., doing business as Business Center For New Americans, a non-profit Community Development Corporation. The grant will fund the organization's provision of microloans up to $50,000 and accompanying technical assistance to start-up, newly established, and growing small business concerns, particularly those owned by women, minorities, and low-income individuals...
The Small Business Administration (SBA) awarded a $810,164 Microloan Program Project Grant (CFDA 59.046) to Cooperative Business Assistance Corp (CBAC), a non-profit Community Development Corporation located in Camden, New Jersey. The grant, with a performance period from July 1, 2024 to June 30, 2025, will enable CBAC to provide microloans up to $50,000 and technical assistance to women, minority, and low-income entrepreneurs and small businesses in southern New Jersey and the Philadelphia region that typically lack access to traditional credit. The funding will support CBAC's efforts as an intermediary lender to deliver short-term, fixed-interest rate microloans for working capital, inventory, supplies, equipment, and other business-related expenses, as well as provide marketing, management, and technical assistance to prospective and current microloan borrowers. This grant award builds on CBAC's history of successfully administering multiple SBA Microloan and other federal grant programs to foster entrepreneurship and economic development in underserved communities.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $810.2k | 7/1/24 |