[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