Community capital new york INC. - NY
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0107
- Recipient
-
Community Capital New York, Inc. UEI ZFK9PSL18BW5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $214,352
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Elmsford, NY, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $214,352 Project Grant under the Microloan Program (CFDA 59.046) to Community Capital New York, Inc. (doing business as Community Capital New YOR) on July 1, 2024. This funding will be used by the community development financial organization 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. The goal of the Microloan Program is to foster entrepreneurship and economic development in areas lacking traditional credit access. In addition, Community Capital New York, Inc. has previously received over $2.5 million in both formula and project grants through the Microloan Program, as well as $1.8 million from the Department of Treasury's Community Development Financial Institutions Rapid Response Program in 2021 to support small businesses during the COVID-19 pandemic.
Quick answers
Who received award SBAHQ24Y0107?
SBAHQ24Y0107 was awarded to Community Capital New York, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0107 worth?
$214,352 has been obligated on SBAHQ24Y0107.
Which agency awarded SBAHQ24Y0107?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0107, with funding from Office of Capital Access (Small Business Administration).
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