CDC small business finance corp - CA
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ25Y0015
- Recipient
-
CDC Small Business Finance Corp. UEI MWQJL3KSEYE4
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $632,860
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- San Diego, CA, USA
Award details come from USAspending.gov.
About this award
CDC Small Business Finance Corp. received $632,860 in federal funding under the Small Business Administration's (SBA) Microloan Program (CFDA 59.046) for the performance period of July 1, 2025, through June 30, 2026. As an intermediary lender and Community Development Financial Institution (CDFI), the organization will utilize these grant funds to provide microloans up to $50,000 to startup, newly established, and growing small businesses in the San Diego area. Eligible uses of microloan proceeds include working capital, inventory, supplies, furniture, fixtures, machinery, and equipment.
In addition to direct lending activities, this award supports comprehensive business development services including marketing, management, and technical assistance to prospective and current microborrowers. CDC Small Business Finance Corp. will prioritize support for underserved entrepreneurs, particularly those owned by women, minorities, and low-income individuals in economically disadvantaged communities. The grant also funds training and capacity-building activities for CDC Small Business Finance Corp. staff to strengthen operational and lending capabilities throughout the award period.
Quick answers
Who received award SBAHQ25Y0015?
SBAHQ25Y0015 was awarded to CDC Small Business Finance Corp. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2025.
How much is award SBAHQ25Y0015 worth?
$632,860 has been obligated on SBAHQ25Y0015.
Which agency awarded SBAHQ25Y0015?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ25Y0015, with funding from Office of Capital Access (Small Business Administration).
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