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What are the qualifications for SSBICs to apply for NMVC operational assistance grants?

April 26, 2017Grants nmvc operational qualifications ssbics

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What are the qualifications for SSBICs to apply for NMVC operational assistance grants?

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In order to be eligible to apply, an SSBIC must: · Intend to raise new capital after December 21, 2000. · Intend to raise grant matching resources equal to at least 30 percent of its newly raised capital from any source other than SBA. · Have a viable plan for how it intends to use the requested grant funds to provide operational assistance to smaller enterprises located in LI areas.