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Program to Invest in Micro-Entrepreneurs (PRIME) Grant Deadline

(Inland Empire) – The U.S. Small Business Administration recently announced the 2010 PRIME Track 2 & 3 funding application.  The application deadline for this round of applications is July 15, 2010.

SBA’s Program for Investment in Micro-entrepreneurs (PRIME) provides assistance to organizations that help low-income entrepreneurs who lack sufficient training and education to gain access to capital to establish and expand their businesses.

Last year, 58 non-profit organizations from 32 states and the District of Columbia received grant funding under this program.  Competition for PRIME grants was open to applicants in all 50 states and the U.S. territories.  Last year, the SBA received more than 400 applications.


Organizations eligible for PRIME grants are:

Types of Grants

Grant Allocation

SBA’s goal is to serve diverse populations by awarding grants to both large and small micro-enterprise development organizations as well as those serving urban, rural, and Indian tribal communities. At least 50 percent of the grants are awarded to qualified organizations that benefit very low-income persons, including those residing on Indian reservations.

Available funding is allocated as follows:

Minimum and Maximum Award Amounts

Funding Limits

How to Apply

SBA issues Program Announcements that summarize the purpose of the available funds; specify the terms, conditions, and evaluation criteria; provide information on how to obtain an application packet; and explain deadlines and other requirements.

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