Westminster economic development initiative, INC. - NY to assist all entrepreneurs business owners and other individuals possessing the capability to operate successful business concerns and to assist…
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ25Y0138
- Recipient
-
Westminster Economic Development Initiative, Inc. UEI GEEUZ91HMYH7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $87,245
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Buffalo, NY, USA
Award details come from USAspending.gov.
Description
Westminster economic development initiative, INC. - NY 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 i
Quick answers
Who received award SBAHQ25Y0138?
SBAHQ25Y0138 was awarded to Westminster Economic Development Initiative, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2025.
How much is award SBAHQ25Y0138 worth?
$87,245 has been obligated on SBAHQ25Y0138.
Which agency awarded SBAHQ25Y0138?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ25Y0138, with funding from Office of Capital Access (Small Business Administration).
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