South eastern econ DEV corp - MA
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0103
- Recipient
-
South Eastern Economic Development Corporation UEI VPFRLFL59XN5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $375,704
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Taunton, MA, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $375,704 Project Grant under the Microloan Program (CFDA 59.046) to the South Eastern Economic Development Corporation (SEED Corp), a non-profit community development corporation in Taunton, Massachusetts. The funding will enable SEED Corp, a Community Development Financial Institution (CDFI), to provide microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities in the region. This aligns with the Microloan Program's mission to foster entrepreneurship and economic development in areas lacking traditional credit access. The grant award has a performance period from July 1, 2024 to June 30, 2025.
Quick answers
Who received award SBAHQ24Y0103?
SBAHQ24Y0103 was awarded to South Eastern Economic Development Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0103 worth?
$375,704 has been obligated on SBAHQ24Y0103.
Which agency awarded SBAHQ24Y0103?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0103, with funding from Office of Capital Access (Small Business Administration).
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