Project Grant SBAHQ24Y0121

Award Date 7/1/24
Completion Date 6/30/25
Dollars Obligated $307K
Funding Federal Agency
Office of Capital Access
Federal Grant Program
59.046
Assistance Type
Project Grant
Place of Performance
Raymond, NH, USA
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This $306,836 federal Project Grant award to Rockingham Economic Development Corp (REDC), a nonprofit community development corporation and microlender located in Raymond, New Hampshire, was provided by the U.S. Small Business Administration's (SBA) Microloan Program (CFDA #59.046).

The grant funding enables REDC 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. This aligns with the Microloan Program's objective of fostering entrepreneurship and economic development in areas lacking traditional credit access. The grant has a performance period from July 1, 2024 to June 30, 2025.

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