[Federal Register Volume 84, Number 116 (Monday, June 17, 2019)]
[Notices]
[Pages 28122-28123]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-12699]


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SMALL BUSINESS ADMINISTRATION


Office of Economic Opportunity--Microloan Program Survey

AGENCY: Small Business Administration.

ACTION: Notice of availability of SBA Microloan Program survey.

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SUMMARY: The John S. McCain National Defense Authorization Act for 
Fiscal

[[Page 28123]]

Year 2019 (NDAA 2019) requires the Small Business Administration (SBA) 
to conduct a study of microenterprise participation. To meet this 
requirement, SBA has created a survey to be completed by SBA Microloan 
Intermediaries (Intermediaries) and entities that are eligible to 
become Intermediaries, but do not currently participate.

DATES: The survey will be available upon publication for approximately 
45 days.

ADDRESSES: The survey will be available at the following URL: https://www.surveymonkey.com/r/7MRD3SM.
    All submissions will become part of the public record and subject 
to public disclosure. Sensitive information and information that you 
consider to be Confidential Business Information or otherwise protected 
should not be included. Submissions will not be edited to remove any 
identifying or contact information.

FOR FURTHER INFORMATION CONTACT: Daniel Upham, Office of Economic 
Opportunity, at (202) 205-7001.

SUPPLEMENTARY INFORMATION: 

I. Background

    Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) 
authorizes the SBA to make direct loans to eligible intermediaries for 
the purpose of providing loans of up to $50,000 to startup, newly 
established, or growing small business concerns for working capital or 
the acquisition of materials, supplies, or equipment. Section 7(m) also 
authorizes SBA to make grants to these intermediaries to provide small 
business borrowers with technical assistance. Eligible intermediaries 
include organizations that have at least one year of experience making 
microloans and providing technical assistance to borrowers and are one 
of the following entity types: (1) Private, nonprofit community 
development corporations, or other non-profit entities; (2) consortiums 
of private, nonprofit community development corporations or other 
nonprofit organizations; (3) quasi-governmental economic development 
entities, other than a state, county, municipal government or any 
agency thereof; and (4) agencies of, or nonprofit entities established 
by Native American Tribal Governments.

II. Survey

    The NDAA 2019 requires SBA to study the level of participation by 
intermediaries that are eligible to participate in the Agency's 
Microloan Program. As required by law, this survey has been approved by 
the Office of Management and Budget under Control Number 3245-XXXX. 
Based on information from the survey responses, SBA expects to deliver 
a report to Congress that includes: (1) Information on the operations 
of current Microloan Intermediaries and entities that are eligible to 
participate in the Microloan program but that do not participate; (2) 
the reasons why eligible entities choose not to participate in the 
Microloan program; (3) recommendations on how to encourage increased 
participation in the Microloan program by eligible entities; and (4) 
recommendations on how to decrease the costs associated with 
participation in the Microloan program for Intermediaries. Responses to 
this survey are voluntary, but strongly encouraged in order to gain 
valuable insights and improve the Microloan program in the future.

(Authority: Sec. 853(c), Pub. L.115-232.)

    Dated: June 11, 2019.
Curtis Rich,
Management Analyst.
[FR Doc. 2019-12699 Filed 6-14-19; 8:45 am]
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