WOMEN'S ECONOMIC SELF-SUFFICIENCY TEAM, CORP.
This award is for loan capital for the WESST Micro Loan Fund Program. The funds will be lent to qualifying start-up and existing businesses to assist in economic development and job creation.
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| AWARD OVERVIEW |
| Award Number |
3572395002 |
Funding Agency |
Small Business Administration |
| Total Award Amount |
$750,000 |
Project Location - City |
Albuquerque |
| Award Date |
08/13/2009 |
Project Location - State |
NM |
| Project Status |
Completed |
Project Location - Zip |
87102-2334
|
| Jobs Reported |
0.00 |
Congressional District |
01 |
| Project Location - Country |
US |
|
|
Recipient Information
(Loans)
| Recipient Information (Loans) |
|
Recipient Name
|
WOMEN'S ECONOMIC SELF-SUFFICIENCY TEAM, CORP. |
| Recipient DUNS Number |
788094332
|
| Recipient Address |
609 BROADWAY BLVD NE |
| Recipient City |
ALBUQUERQUE |
| Recipient State |
New Mexico |
| Recipient Zip |
87102-3289 |
| Recipient Congressional District |
01 |
| Recipient Country |
USA |
Required to Report Top 5
Highly Compensated Officials |
No |
Projects and Jobs Information
| Projects and Jobs Information |
| Project Title |
WESST Micro Loan Fund |
| Project Status |
Completed |
| Final Project Report Submitted |
Yes |
| Project Activities Description |
Community Economic Development |
| Quarterly Activities/Project Description |
We funded 8 loans this quarter totaling $128,000.00. Loan 1($50,000) was to an organic beauty product manufacturer to fund expenses associated with exporting the product to Europe; loan 2 ($10,000) was to a hair stylist to open a new salon; loan 3 ($20,000) was to an IT company to purchase equipment; loan 4 ($30,000) was to a business that operates a haunted house during Halloween season to purchase materials; loan 5 ($18,000) was to a trucking company to purchase another truck. |
| Jobs Created |
0.00 |
| Description of Jobs Created |
Microborrowers have created or retained 0 jobs |
Purchaser Information
(Loans)
| Purchaser Information |
| Contracting Office ID |
Not Reported |
| Contracting Office Name |
Not Available |
| Contracting Office Region |
Not Available |
| TAS Major Program |
73-4279 |
| Award Information |
| Award Date |
08/13/2009 |
| Award Number |
3572395002 |
| Order Number |
|
| Award Type |
Loans |
| Funding Agency ID |
73 |
| Funding Agency Name |
Small Business Administration |
| Funding Office Name |
Not Available |
| Awarding Agency ID |
73 |
| Awarding Agency Name |
Small Business Administration |
| Amount of Award |
$750,000 |
| Funds Invoiced/Received |
$750,000 |
| Expenditure Amount |
$673,790 |
| Infrastructure Expenditure Amount |
$0 |
| Infrastructure Purpose and Rationale |
Not Reported |
| Infrastructure Point of Contact Name |
Kim T. Blueher |
| Infrastructure Point of Contact Email |
kblueher@wesst.org |
| Infrastructure Point of Contact Phone |
(505) 246-6942 |
| Infrastructure Point of Contact Address |
609 Broadway NE |
| Infrastructure Point of Contact City |
Albuquerque, |
| Infrastructure Point of Contact State |
NM |
| Infrastructure Point of Contact Zip |
87102-2334 |
Product or Service Information
(Loans)
| Product or Service Information |
| Primary Activity Code |
S02 |
| Activity Description |
Community Economic Development |
| Sub-Awards Information |
| Sub-awards to Organizations |
0 |
| Sub-award Amounts to Organizations |
$0 |
| Sub-Awards to Individuals |
0 |
| Sub-Award Amounts to Individuals |
$0 |
| Number of Sub-awards less than $25,000/award |
0 |
| Amount of Sub-awards less than $25,000/award |
$0 |
| Number of payments to vendors greater than $25,000 |
0 |
| Total Amount of payments to vendors greater than $25,000/award |
$0 |
| Number of payments to vendors less than $25,000/award |
0 |
| Total Amount of payments to vendors less than $25,000/award |
$0 |
| Location Information |
| Latitude, Longitude |
35º 5' 18",
-106º 38' 37" |
| Congressional District |
01 |
| Address 1 |
609 Broadway NE |
| Address 2 |
|
| City |
Albuquerque |
| County |
Bernalillo |
| State |
NM |
| Zip |
87102-2334 |
|
 |