The Small Business Administration is seeking proposals for funding from experienced microlending organizations, national and regional nonprofit organizations that have demonstrated experience in providing training support for microenterprise development.
Donor Name: Small Business Administration
State: All States
County: All Counties
Type of Grant: Grant
Deadline: 01/31/2023
Size of the Grant: $499,000
Grant Duration: 1 year
Details:
Funding awarded under this announcement will be used to provide technical assistance for intermediaries participating in the U.S. Small Business Administration (SBA) Microloan Program to ensure that such intermediaries have the knowledge, skills, and understanding of microlending practice necessary to operate successful SBA microloan programs.
The purpose of the Microloan Program is to assist women, low income, veteran, and minority entrepreneurs, and other small businesses in need of small amounts of financial assistance. Under the Microloan Program, SBA makes direct loans to Intermediaries that, in turn, use the proceeds to make small loans to eligible Microborrowers.
The success of the Microloan Program depends upon its participating intermediaries having the knowledge, skills and understanding of microlending practice necessary to operate successful microloan programs. SBA conducts training on a bi-annual basis to help ensure that the participating intermediaries receive the training needed to operate successfully. The Award under this announcement will be used by the awardee to help facilitate a national training conference for all SBA participating Microloan Program Intermediaries to receive this training.
Funding Information
SBA expects to award up to $499,000 under this Announcement
Period of Performance/Budget Periods
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 an experienced microlending organization or a national or regional nonprofit organization that has demonstrated experience providing training support for microenterprise development to ensure that microlending intermediaries have the knowledge, skills and understanding of microlending practice necessary to operate successful microloan programs.
For more information, visit Grants.gov.
