Opportunity Information: Apply for PRIME 2009 01
Apply for PRIME 2009 01
- The Small Business Administration in the business and commerce sector is offering a public funding opportunity titled "Program for Investment in Microentrpreneurs Act (PRIME)" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 59.050 Prime Technical Assistance.
- This funding opportunity was created on Jul 15, 2009 and posted on Jun 10, 2009.
- Applicants must submit their applications by Jul 24, 2009 Closing date has been extended to July 24, 2009 at 1159 pm EST. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $5,000,000.00 to eligible and selected applicants.
- Each selected applicant is eligible to receive up to $250,000.00 in funding.
- The number of recipients for this funding is limited to 105 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
- See Program Announcement for complete details on pages 16 thru 18.
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Opportunity Summary:
The Program for Investment in Microentrepreneurs Act (PRIME) grant opportunity (Program Announcement No. PRIME 2009 01) is a discretionary grant program run by the U.S. Small Business Administration (SBA) focused on strengthening microenterprise support systems and expanding high-quality training and technical assistance for disadvantaged microentrepreneurs. The central idea is to fund organizations that can deliver hands-on business training, one-on-one advising, and related support that helps very small businesses start, stabilize, and grow, especially for entrepreneurs who face economic or social barriers. In parallel, the program also funds training and capacity-building efforts aimed at improving the effectiveness and reach of microenterprise development organizations (MDOs), so that the organizations serving microbusinesses can deliver better services, scale their programs, and adopt proven methods.
PRIME is structured around several legislated purposes, and SBA indicates it will issue separate program announcements tailored to specific purposes under the Act. This particular announcement invites eligible organizations to apply for grant funding to carry out PRIME-authorized activities, which can include direct technical assistance to disadvantaged entrepreneurs, organizational capacity building for MDOs, and research and development of best practices in microenterprise development. The mention of best practices signals that SBA is not only interested in service delivery, but also in improving what works across the field, encouraging approaches that can be replicated, evaluated, and refined over time.
The opportunity is categorized under Business and Commerce and uses a grant funding instrument. SBA anticipated making approximately 105 awards under this announcement, with an estimated total program funding amount of $5,000,000. The award size is fixed in this listing: both the award floor and award ceiling are $250,000, which implies that awards were intended to be made at that amount per recipient (subject to final SBA determinations and successful applications). A cost-sharing or matching requirement applies, meaning applicants needed to contribute non-federal resources toward the project as required by the program rules; the specific match terms are provided in the full program announcement.
The Catalog of Federal Domestic Assistance (CFDA) number associated with this opportunity is 59.050 (PRIME Technical Assistance). Eligibility is not limited to a standard list like state or local governments; instead, it is shown as "Others," with full eligibility criteria and details provided in the official program announcement (noted as pages 16 through 18). In practical terms, this typically means applicants must fit the program-defined categories of eligible organizations, which commonly include nonprofits and other entities involved in microenterprise training and development, but the controlling source for eligibility is the announcement itself.
Key dates for this funding round show it was posted on June 10, 2009, with an original closing date of July 15, 2009 at 11:59 pm Eastern Time. The deadline was later extended, and the current closing date became July 24, 2009 at 11:59 pm Eastern Time. The archive date is listed as July 25, 2009, reflecting that the opportunity would be closed and archived immediately after the submission window ended.
For applicants or stakeholders needing official documentation, the opportunity points to an SBA web link for additional information: http://www.sba.gov/services/financialassistance/sbaloantopics/microloans/SERVMICROLOANSPRIME2009.html. Questions about the program announcement were directed to SBA's Office of Financial Assistance via email at prime@sba.gov (also listed as the contact for assistance accessing the full announcement electronically).
PRIME Grant (Program Announcement No. PRIME 2009 01) - FAQs
What is the PRIME grant program?
The Program for Investment in Microentrepreneurs Act (PRIME) is a discretionary grant program run by the U.S. Small Business Administration (SBA). It focuses on strengthening microenterprise support systems and expanding high-quality training and technical assistance for disadvantaged microentrepreneurs.
What is the main goal of this PRIME funding opportunity?
The main goal is to fund organizations that can provide hands-on business training, one-on-one advising, and related support to help very small businesses start, stabilize, and grow, especially for entrepreneurs facing economic or social barriers. The program also supports efforts that improve the capacity and effectiveness of organizations that serve microbusinesses.
What kinds of activities can be funded under this announcement?
This announcement invites eligible organizations to apply for PRIME-authorized activities, which can include direct technical assistance to disadvantaged entrepreneurs, organizational capacity building for microenterprise development organizations (MDOs), and research and development of best practices in microenterprise development.
Does PRIME fund direct services to entrepreneurs, or only support for organizations?
Based on the description, it can fund both: direct technical assistance for disadvantaged microentrepreneurs and training/capacity-building efforts intended to improve the effectiveness and reach of MDOs.
What does SBA mean by "best practices" in this announcement?
The announcement signals that SBA is interested not only in service delivery, but also in improving what works across the microenterprise development field. This includes encouraging approaches that can be replicated, evaluated, and refined over time.
Which federal agency administers this grant opportunity?
The grant opportunity is administered by the U.S. Small Business Administration (SBA).
What is the program announcement number for this opportunity?
The program announcement number is PRIME 2009 01.
What category does this opportunity fall under?
This opportunity is categorized under Business and Commerce.
What type of funding instrument is used?
This opportunity uses a grant funding instrument.
How many awards did SBA anticipate making under this announcement?
SBA anticipated making approximately 105 awards under this announcement.
What was the estimated total funding amount for this funding round?
The estimated total program funding amount listed for this announcement is $5,000,000.
What is the award amount for individual recipients?
The listing shows an award floor of $250,000 and an award ceiling of $250,000, indicating awards were intended to be made at $250,000 per recipient (subject to SBA's final determinations and successful applications).
Is there a cost-sharing or matching requirement?
Yes. A cost-sharing or matching requirement applies, meaning applicants needed to contribute non-federal resources toward the project as required by the program rules. The specific match terms are provided in the full program announcement.
What is the CFDA number for this PRIME opportunity?
The Catalog of Federal Domestic Assistance (CFDA) number associated with this opportunity is 59.050 (PRIME Technical Assistance).
Who is eligible to apply?
Eligibility is listed as "Others" in the summary, and the full eligibility criteria are provided in the official program announcement (noted as pages 16 through 18). The controlling source for eligibility is the announcement itself.
Where can applicants find the full eligibility requirements?
The opportunity indicates that detailed eligibility requirements are in the official program announcement, referenced as pages 16 through 18.
When was this opportunity posted?
The opportunity was posted on June 10, 2009.
What was the original application deadline?
The original closing date was July 15, 2009 at 11:59 pm Eastern Time.
Was the deadline extended?
Yes. The deadline was extended to July 24, 2009 at 11:59 pm Eastern Time.
What is the archive date shown for the opportunity?
The archive date is listed as July 25, 2009.
Where can I find additional official information online?
The opportunity points to this SBA webpage for additional information: http://www.sba.gov/services/financialassistance/sbaloantopics/microloans/SERVMICROLOANSPRIME2009.html.
How do I contact SBA with questions about the program announcement?
Questions about the program announcement were directed to SBA's Office of Financial Assistance via email at prime@sba.gov.
Who should be contacted for help accessing the full announcement electronically?
The same email contact, prime@sba.gov, is listed for assistance accessing the full announcement electronically.
Does SBA issue only one PRIME announcement, or multiple announcements for different purposes?
SBA indicates it will issue separate program announcements tailored to specific purposes under the PRIME Act. This announcement (PRIME 2009 01) is one such funding round.
What types of entrepreneurs are emphasized in the program description?
The program emphasizes disadvantaged microentrepreneurs, particularly entrepreneurs who face economic or social barriers, and focuses on support for very small businesses.
What kinds of support does PRIME emphasize for microentrepreneurs?
The description highlights hands-on business training, one-on-one advising, and related support designed to help microbusinesses start, stabilize, and grow.
What kinds of organizational support does PRIME emphasize for MDOs?
The description highlights training and capacity-building to help microenterprise development organizations deliver better services, scale their programs, and adopt proven methods.
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