How does an organization apply to become an Intermediary?

CFR · 2024-01-01 · US · Title 13

(a) (b) (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.

official document · source cfr-2024 · id 13:§ 120.703