[Federal Register Volume 59, Number 29 (Friday, February 11, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-3257]
[[Page Unknown]]
[Federal Register: February 11, 1994]
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SMALL BUSINESS ADMINISTRATION
Microloan Demonstration Program
AGENCY: Small Business Administration (SBA).
ACTION: Notice of request for proposals, availability and filing
deadlines.
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SUMMARY: Section 7(m) of the Small Business Act, 15 U.S.C. 636(m),
authorizes the SBA to conduct a Microloan Demonstration Program
(Program). SBA issued regulations which may be found in Title 13, Code
of Federal Regulations, Section 122.61--122.61-12. This notice
announces the availability of a Request for Proposals (RFP) for
entities seeking to participate in the Program as non-lending technical
assistance providers and not located in the jurisdictions of
California, the District of Columbia, Iowa, Kentucky, Missouri, or
North Carolina. The deadline for such receipt of such proposals is
April 5, 1994.
DATES: Request for Proposal Packages will be available beginning
February 21, 1994.
ADDRESSES: Request for Proposal Packages may be obtained by written
request submitted to U.S. Small Business Administration, Office of
Financing, Microloan Demonstration Program, 409 Third Street, SW., 8th
floor, Washington, DC 20415, Attn: Microloan Proposals, Mail Code 6120
or by telephone at (202) 205-6490.
SUPPLEMENTARY INFORMATION: Section 7(m) of the Small Business Act
authorizes SBA to conduct a Microloan Demonstration Program. Under the
Program, SBA is authorized to make grants to private non-profit
organizations which will use the funds to provide intensive marketing,
management and technical assistance to low-income individuals. As a
goal of providing assistance under this program, organizations will
prepare clients to apply for financing, in amounts not to exceed
$25,000, at local institutions and will be held accountable for the
success rate of their clients in obtaining funding following the onset
of technical assistance. Grantees will be further responsible for
provision of on-going, post-financing technical assistance to ensure
the viability of the client business.
SBA will accept responses from entities located in the above
jurisdictions which seek to be accepted into the Program as an
intermediary. To be eligible, an organization, inter alia, must (a) be
a private, non-profit entity; (b) believe itself capable of providing
the technical assistance called for under this RFP; and (c) not now be
participating as an intermediary lender under the Microloan
Demonstration Program.
Grantees will be selected to conduct operations under this Program
within a defined geographical area and will be limited to a maximum of
one per state. Those organizations located in jurisdictions not
indicated above and which believe themselves eligible and which wish to
participate in the Program may obtain a Microloan Demonstration Program
Request for Proposals Package by contracting SBA at the above set forth
address. Completed proposals must be received by SBA no later than 4 pm
Eastern Standard Time, April 5, 1994.
Dated: February 2, 1994.
Erskine B. Bowles,
Administrator.
[FR Doc. 94-3257 Filed 2-10-94; 8:45 am]
BILLING CODE 8025-01-M