This is not the official budget document.

Budget Summary FY2016

70070801 - Microlending
Data Current as of:  8/19/2015





Account Description FY2015
Spending
FY2016
GAA
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
300,000 300,000