How does an organization apply to become an Intermediary?

13 C.F.R. § 120.703
in effectEffective: 2024-07-01
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(a) Application Process. Organizations interested in becoming Intermediaries should contact SBA for information on the application process. (b) Documentation in support of application. The application must include a detailed narrative statement describing: (1) The types of businesses assisted in the past and those the applicant intends to assist with Microloans; (2) The average size of the loans made in the past and the average size of intended Microloans; (3) The extent to which the applicant will make Microloans to small businesses in rural areas; (4) 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; (5) The availability and cost of obtaining credit for small businesses in the area; (6) The applicant's experience and qualifications in providing marketing, management, and technical assistance to small businesses; and (7) Any plan to use other technical assistance resources (such as counselors from the Service Corps of Retired Executives) to help Microloan borrowers.

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