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Electronic Code of Federal Regulations

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Title 13Chapter IPart 119

TITLE 13—Business Credit and Assistance



What is the Program for Investment in Microentrepreneurs (“PRIME” or “the Act”)?
What types of organizations are eligible for PRIME grants?
What services or activities must PRIME grant funds be used for?
How are PRIME grant awards allocated?
What are the minimum and maximum amounts for an award?
How long and in what amounts will grant funding be available to a single grantee?
Are there matching requirements for grantees?
How will a qualified organization apply for PRIME grant awards?
Will SBA give preferential consideration to other SBA program participants?
What information will be requested in an application under the PRIME program?
What criteria will SBA use to evaluate applications for funding under the PRIME program?
How will an applicant make a subgrant?
Are there limitations regarding the use of program income?
If a grantee is unable to spend the entire amount allotted for a single fiscal year, can the funds be carried over to the next year?
What are the reporting, record keeping, and related requirements for grantees?
What types of oversight will SBA provide to grantees?
What are the restrictions against lobbying?
Is fundraising an allowable expense under the PRIME program?
Should grantees and subgrantees raise conflict of interest matters with SBA?

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