Ascendus INC. - NY
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0094
- Recipient
-
Ascendus, Inc. UEI MC9ERZDUPJT8
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $511,248
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- New York, NY, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded Ascendus, Inc. a $511,248 Microloan Program (CFDA 59.046) grant 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. This federal grant award, with a performance period from July 1, 2024 to June 30, 2025, will enable Ascendus, a nonprofit small business lender, to deliver an array of financial and business support services through its Accion USA programs. Ascendus has a track record of successfully administering SBA Microloan and Prime Technical Assistance grants, as well as funding from the CDFI Fund, to expand access to capital and promote entrepreneurship in economically distressed areas.
Quick answers
Who received award SBAHQ24Y0094?
SBAHQ24Y0094 was awarded to Ascendus, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0094 worth?
$511,248 has been obligated on SBAHQ24Y0094.
Which agency awarded SBAHQ24Y0094?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0094, with funding from Office of Capital Access (Small Business Administration).
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