Program for Investment in Microentrpreneurs Act ("PRIME")

The summary for the Program for Investment in Microentrpreneurs Act ("PRIME") Federal Grant is detailed below. It contains information such as the Catalog of Federal Domestic Assistance (CFDA) number, who is eligible for the grant, how much grant money will be awarded, important deadlines, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed in the Grant Announcement Contact section. If these sections are incomplete, please visit the website of the government agency that is offering this grant.


	Federal Grant Title:	Program for Investment in Microentrpreneurs Act ("PRIME")
	CFDA Number:	59.050
	CFDA Description:	Microenterprise Development Grants
	Federal Agency Name:	Small Business Administration
	Category of Funding Activity:	Business and Commerce
	Category Explanation:	Information not provided
	Opportunity Category:	Discretionary
	Funding Opportunity Number:	PRIME-2009-01
	Document Type:	Modification to Previous Grants Notice
	Funding Instrument Type:	Grant
	Posted Date:	Jun 10, 2009
	Creation Date:	Jul 15, 2009
	Original Closing Date for Applications:	Jul 15, 2009 Closing date is July 15, 2009 at 11:59 pm EST
	Current Closing Date for Applications:	Jul 24, 2009 Closing date has been extended to July 24, 2009 at 11:59 pm EST
	Archive Date:	Jul 25, 2009
	Expected Number of Awards:	105
	Estimated Total Program Funding:	$5,000,000
	Federal Grant Award Ceiling:	$250,000
	Federal Grant Award Floor:	$250,000
	Cost Sharing or Matching Requirement:	Yes

Applicants Eligible for this Grant: Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Information on Eligibility: See Program Announcement for complete details on pages 16 thru 18.
Grant Description: The U.S. Small Business Administration (SBA) has issued Program Announcement No. PRIME-2009-01 to establish a microenterprise training and technical assistance program for disadvantaged microentrepreneurs and to provide training and capacity building grant programs to microenterprise development organizations ("MDOs"). Additionally, the Act authorizes research and development of best practices for microenterprise development and technical assistance programs for disadvantaged entrepreneurs and other activities as the administrator of SBA determines are consistent with the Act.PRIME has several purposes for which SBA will issue separate program announcements soliciting applications geared toward a particular legislative purpose. Program Announcements called for under the Act solicit, from eligible organizations, applications for grant funding to be used to carry out the purposes of the Act. See Program Announcement for complete details.Questions about this program announcement should be directed to the Office of Financial Assistance at prime@sba.gov .
Link to Full Grant Announcement: http://www.sba.gov/services/financialassistance/sbaloantopics/microloans/serv_microloans_prime2009.html
Grant Announcement Contact: Office of Financial Assistance prime@sba.gov

prime@sba.gov [prime@sba.gov]
Similar Government Grants: • Program for Investment in Microentrepreneurs Act ("PRIME"); • Program for Investment In Microentrepreneurs Act ("PRIME"); • Financial Services Implementation Grant Program