Southeast kentucky econ DEV corp - KY

Ended Project Grant Awarded

Award ID
SBAHQ24Y0120
Recipient
Awarding agency
Obligated
$326,250

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Somerset, KY, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The federal Project Grant award of $326,250 was provided by the U.S. Small Business Administration (SBA) under the Microloan Program (CFDA 59.046) to the Southeast Kentucky Economic Development Corporation (SKED). The award, with a period of performance from July 1, 2024 to June 30, 2025, will enable SKED to offer microloans up to $50,000 and provide technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals, in underserved communities in southeastern Kentucky. Through this funding, SKED aims to foster entrepreneurship and support economic development in the region by facilitating access to capital and business development services for small enterprises. The Microloan Program is designed to address the lack of credit access in economically disadvantaged areas by channeling federal grant funds to nonprofit microlending intermediaries like SKED.

Quick answers

Who received award SBAHQ24Y0120?

SBAHQ24Y0120 was awarded to Southeast Kentucky Economic Development by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0120 worth?

$326,250 has been obligated on SBAHQ24Y0120.

Which agency awarded SBAHQ24Y0120?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0120, with funding from Office of Capital Access (Small Business Administration).

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