Community concepts finance corp - me
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0134
- Recipient
-
Community Concepts Finance Corporation UEI FCMNW8EQUXD8
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $252,499
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- 13 Park St, South Paris, ME 04281, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $252,499 Project Grant to Community Concepts Finance Corporation, a non-profit community development organization based in South Paris, Maine. The grant was provided through the SBA's Microloan Program (CFDA 59.046), which supports small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities.
This federal grant enables Community Concepts Finance Corporation to offer microloans up to $50,000 and provide accompanying business training, technical assistance, and capacity-building services to startup, newly established, and growing small businesses in Oxford and Androscoggin Counties. The organization focuses on assisting entrepreneurs and business owners who lack access to traditional credit sources. This grant award, valid from July 1, 2024, to June 30, 2025, is part of the organization's long-standing participation in the SBA Microloan Program and the USDA Rural Microentrepreneur Assistance Program, through which it has received over $1.6 million in SBA funding and $130,000 in USDA grants in recent years.
Quick answers
Who received award SBAHQ24Y0134?
SBAHQ24Y0134 was awarded to Community Concepts Finance Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0134 worth?
$252,499 has been obligated on SBAHQ24Y0134.
Which agency awarded SBAHQ24Y0134?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0134, with funding from Office of Capital Access (Small Business Administration).
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