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Budget Summary FY2015

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70070801 - Microlending
Data Current as of:  10/17/2014

Account Description FY2014
7007-0801 Microlending
For microlending grants of up to $100,000 which shall be issued to established community development financial institutions and community advantage lenders making direct microenterprise and small business loans to borrowers on a regional basis, and providing technical assistance to applicants and borrowers in order to foster business establishment and success; provided, that the funds shall be used to support the eligible organization's lending and technical assistance activities; and provided further, that not less than $100,000 shall be granted to the North Central Massachusetts region for these purposes
200,000 300,000