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You are here: Home / Grant Duration>1 Year / SBA: 2024 Program For Investment in Microentrepreneurs

SBA: 2024 Program For Investment in Microentrepreneurs

Dated: March 14, 2024

The U.S. Small Business Administration (SBA) is accepting proposals from private, nonprofit microenterprise development organizations; microenterprise development programs run by State/Local/Tribal Governments; or Indian tribes interested in providing assistance and guidance to disadvantaged microentrepreneurs and/or microenterprise development organizations.

Donor Name: U.S. Small Business Administration (SBA)

State: All States

County: All Counties

Type of Grant: Grant

Deadline: 04/12/2024

Size of the Grant: $100,000 to $500,000

Grant Duration: 1 Year

Details:

Purpose 

Eligible organizations may apply to SBA for awards of financial assistance under this Announcement to conduct activities under one, but not more than one of the following Funding Tracks:

  • Track I (Technical Assistance) – seeks applications for funding to provide training and technical assistance programs to disadvantaged entrepreneurs.
  • Track II (Capacity Building) – seeks applications for funding to provide training and capacity building services to MDOs, microenterprise development programs, and groups of such organizations to assist them in developing microenterprise training and services.

Funding Information

  • Estimated Total Program Funding: $8,000,000
  • Award Ceiling: $400,000
  • Award Floor: $75,000

Project Period

SBA anticipates awards will have a one-year period of performance.

Eligibility Criteria

In order to be eligible to submit an application for this funding opportunity an Applicant must clearly demonstrate that it is one of the following:

  • A microenterprise development organization or program (or group or Collaborative thereof), such as a non-profit Community Development Financial Institution or similar entity, that has a demonstrated record of delivering microenterprise services to disadvantaged entrepreneurs; or
  • An Intermediary which has experience in delivering technical assistance to disadvantaged entrepreneurs; or
  • A microenterprise development organization or program that is accountable to a local community, working in conjunction with a State or local government or Indian Tribe; or
  • An Indian tribe acting on its own, if it can certify that no private organization or program referred to above exists within its jurisdiction.
  • Religious Organizations with the following restrictions: may only conduct explicitly religious activities outside other programs directly funded by the federal government and at a separate time or location, may not use any direct Federal financial assistance to support or engage in any explicitly religious activities and may not discriminate against beneficiaries or prospective beneficiaries of this program on the basis of religion or religious belief.

For more information, visit Grants.gov.

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