Finreglab

The Minority Business Development Agency (mbda), a Bureau of the U.s. Department of Commerce, Will Provide Federal Assistance to Support Innovative Projects Seeking to Promote and Ensure the Growth of Minority Enterprises. the Access to Capital - Innovative Financing Projects Can Utilize Technical Assistance Models, Pilot Innovative Solutions, Leverage Technology, Advance Research and Data, or Provide Education to Non-traditional Lenders. Mbda Seeks Market Solutions to the Barriers of Access to Capital That Acknowledge a Lack of Traditional Collateral/assets as an Impediment for Mbes.

Committed

$1.7 Million

Paid to

Finreglab

UEI MBLMAM4PKL64

1701 K ST NW, Washington, DC, 20006

Department of Commerce

Minority Business Development Agency

Place

WASHINGTON, DC, UNITED STATES

DC-98

Performance

Sep 1, 2022 → Apr 30, 2025

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · project grant (b)

Department of Commerce

Minority Business Development Agency

MBDA Specialty Center Program to

Finreglab

Committed

$1.7 Million

Paid to

Finreglab

UEI MBLMAM4PKL64

1701 K ST NW, Washington, DC, 20006

Department of Commerce

Minority Business Development Agency

Place

WASHINGTON, DC, UNITED STATES

DC-98

Performance

Sep 1, 2022 → Apr 30, 2025

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗