Handbook
| American Recovery and Reinvestment Act Program Guide | |||||||||
| Microloan program | |||||||||
| Progress Indicator |
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| Federal Program Information | |||||||||
| Federal Program Description |
SBA loans to intermediary lenders to make short-term, fixed rate microloans for amounts up to $35,000 to small businesses and start-ups, for working capital, inventory, supplies, furniture, fixtures, machinery and/or equipment. Grants are available to intermediary lenders for marketing, management and technical assistance to prospective borrower, and to non-profits for marketing, management and technical assistance for low-income individuals seeking business financing. |
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| CFDA Number | 59.046 | ||||||||
| Assistance Type | Direct Loans | ||||||||
| ARRA Citation | P. 36, Small Business Act 15 U.S.C.636(M)(4) | ||||||||
| ARRA Reporting |
for grants, section 1512 |
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| Federal Agency | Small Business Administration | ||||||||
| NYS Information | |||||||||
| NYS Program Title | Microloan Program | ||||||||
| NYS Agency | ESDC | ||||||||
| Contact | Kay Wilkie | ||||||||
| kwilkie@empire.state.ny.us | |||||||||
| Phone | 518-292-5270 | ||||||||
| Program Funding | |||||||||
| National Total | $69 million | ||||||||
| NYS Share | NA | ||||||||
| Flow of Funds |
by application to SBA |
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| Deadline | no later than 9/30/10 | ||||||||
| Awards and Outcomes | |||||||||
| Website | http://www.recovery.gov/transparency/pages/home.aspx?State=NY | ||||||||
