BOC capital corp - NY
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0095
- Recipient
-
BOC Capital Corp. UEI DYFJKCT5WUD9
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $509,420
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 U.S. Small Business Administration (SBA) awarded BOC Capital Corp., a non-profit community development corporation in Brooklyn, New York, a $509,420 Project Grant under the SBA's Microloan Program (CFDA 59.046). The grant, with a performance period from July 1, 2024 to June 30, 2025, will support BOC Capital Corp.'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 is intended to help these entrepreneurs access credit and capital, build their businesses, and contribute to economic development in designated urban areas. As a community development financial institution, BOC Capital Corp. has a history of leveraging federal grant awards to expand its microlending activities and small business support programs.
Quick answers
Who received award SBAHQ24Y0095?
SBAHQ24Y0095 was awarded to BOC Capital Corp. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0095 worth?
$509,420 has been obligated on SBAHQ24Y0095.
Which agency awarded SBAHQ24Y0095?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0095, with funding from Office of Capital Access (Small Business Administration).
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