Coastal enterprises INC. - me
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0115
- Recipient
-
Coastal Enterprises, Inc. UEI D9YUK3WAJTX3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $361,513
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Brunswick, ME 04011, USA
Award details come from USAspending.gov.
About this award
This Project Grant award of $361,513.00 from the Small Business Administration (SBA) Microloan Program (CFDA 59.046) was provided to Coastal Enterprises, Inc. (CEI), a non-profit community development financial institution (CDFI) in Brunswick, Maine. The award will fund CEI's delivery of 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. Through this award, CEI will provide working capital, inventory, supplies, equipment, and other business-related financing and support to foster entrepreneurship and economic development in areas lacking traditional credit access. The grant period is from July 1, 2024, to June 30, 2025.
Quick answers
Who received award SBAHQ24Y0115?
SBAHQ24Y0115 was awarded to Coastal Enterprises, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0115 worth?
$361,513 has been obligated on SBAHQ24Y0115.
Which agency awarded SBAHQ24Y0115?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0115, with funding from Office of Capital Access (Small Business Administration).
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