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§ 120.703 - How does an organization apply to become an Intermediary?

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Application Process. Organizations interested in becoming Intermediaries should contact SBA for information on the application process.

Documentation in support of application. The application must include a detailed narrative statement describing:

The types of businesses assisted in the past and those the applicant intends to assist with Microloans;

The average size of the loans made in the past and the average size of intended Microloans;

The extent to which the applicant will make Microloans to small businesses in rural areas;

The geographic area in which the applicant intends to operate, including a description of the economic and demographic conditions existing in the intended area of operations;

The availability and cost of obtaining credit for small businesses in the area;

The applicant's experience and qualifications in providing marketing, management, and technical assistance to small businesses; and

Any plan to use other technical assistance resources (such as counselors from the Service Corps of Retired Executives) to help Microloan borrowers.

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§ 120.702 - Are there limitations on who can be an Intermediary or on where an Intermediary may operate?
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§ 120.704 - How are applications evaluated?