Community concepts finance corp - me to assist all entrepreneurs business owners and other individuals possessing the capability to operate successful business concerns and to assist small business…
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ25Y0071
- Recipient
-
Community Concepts Finance Corporation UEI FCMNW8EQUXD8
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $167,024
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Lewiston, ME, USA
Award details come from USAspending.gov.
Description
Community concepts finance corp - me to assist all entrepreneurs business owners and other individuals possessing the capability to operate successful business concerns and to assist small business concerns in those areas suffering from a lack of credit due to economic downturns under the program the small business administration SBA will make loans or provide guaranties to private non profit and quasi governmental organizations intermediary lenders that will use the loan funds to make short term fixed interest rate microloans in amounts up to 50000 dollars to start up newly established and growing small business concerns these microloans are to be used exclusively for working capital inventory supplies furniture fixtures machinery and or equipment in addition the SBA will make grants to participating intermediary lenders to provide marketing management and technical assistance to prospective borrowers and borrowers receiving microloans under the program SBA will also provide training for intermediary lender
Quick answers
Who received award SBAHQ25Y0071?
SBAHQ25Y0071 was awarded to Community Concepts Finance Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2025.
How much is award SBAHQ25Y0071 worth?
$167,024 has been obligated on SBAHQ25Y0071.
Which agency awarded SBAHQ25Y0071?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ25Y0071, with funding from Office of Capital Access (Small Business Administration).
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