Apply to be a Microloan Intermediary
Organizations interested in becoming intermediaries should contact their SBA District Office and review the regulations published in the Code of Federal Regulations (CFR), specifically sections 13 CFR 120.700-120.716.
Microloan Development Branch FY 2010 Program Announcement No. MICRO-2010-02
Microloan Development Branch FY 2010 Program Announcement No. MICRO-2010-01
The following is a sampling of the kinds of forms that must be submitted with your application. Check with your local district office for details.
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Form 159(7a), Fee Disclosure Form and Compensation Agreement
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Form 160, Resolution of Board of Directors
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Form 1059, Security Agreement
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Form 1081, Statement of Personal History for Non-bank Lenders, CDCs and Micro-Lenders
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Form 1711, Certification Regarding Lobbying
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Form 1846, Disclosure of Lobbying Activities
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Forms A-9 through A-12, Budget Detail Worksheet
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Form SF 424, Application for Federal Assistance
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Form SF 424A, Budget Information - Non-Construction Programs
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Form SF 424B, Assurances - Non-Construction Programs
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Form SF 425, Federal Financial Report
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Form SF 3881, ACH Vendor/Miscellaneous Payment Enrollment Form
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Cover Sheet
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Cost of Lending Calculation
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Item 10 Chart
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Lending History Chart
Applications should contain supporting information describing:
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The types of businesses assisted in the past and those the applicant intends to assist with micro-loans;
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The average size of the loans made in the past and the average size of intended micro-loans;
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The extent to which the applicant will make micro-loans to small businesses in rural areas;
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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;
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The availability and cost of obtaining credit for small businesses in the area;
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The applicant's experience and qualifications in providing marketing, management, and technical assistance to small businesses;
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Any plan to use other technical assistance resources (such as counselors from the Service Corps of Retired Executives) to help micro-loan borrowers.
For More Information
For more information, contact your local SBA District Office.