SBA PRIME Grant Program
Microenterprise Development Organization Capacity Building Initiative
Application Deadline: 11:59 PM (EST) on Wednesday, March 22, 2023
Build your organization's capacity to assist Ohio's under-served entrepreneurs
The SBA’s Program for Investment in Micro-Entrepreneurs (PRIME) provides grant funding to organizations that help low-income entrepreneurs gain access to the training and capital they need to establish and expand their small businesses. (Learn more.)
To enable small business support organizations to leverage PRIME and create new, more sustainable initiatives, ECDI offers a premier cohort consulting package to a select number of agencies and organizations that want to improve their ability to assist small businesses in their community.
This program gives participating MDOs a robust curriculum on small business capital access and provides critical pre-loan services and loan packaging for the organization’s small business clients. This includes three curriculum tracks:
Track 1 – Introduction to Small Business Lending
Track 2 – In-depth Access to Capital Training
Track 3 – Small Business Incubation and Acceleration.
All participating organizations must participate in Track 1 curriculum before participating in Track 2 or 3.
As part of this program, your organization will receive:
Training via webinars and one-on-one coaching
Access to curriculum and online training programs
Licenses for online Business plan creation tools
Access to ECDI's Capital Program
A grant of up to $3,000 to support capacity-building activities
Microenterprise development organizations who serve entrepreneurs in rural counties and opportunity zones through the state of Ohio are eligible.
Submit a completed application no later than Wednesday, March 22, 2023, at 11:59 p.m. (EST)
Commit to full participation in the SBA Prime program and cohort:
Engage with peer organizations collaborate, share best practices and learn
Attend and participate in 6 to 8 cohort-specific webinar training opportunities
The cohort training program will begin in April, 2023 and will conclude in September, 2023.
Funding is provided by the Small Business Administration through a generous grant opportunity. Each participating agency in the cohort will receive up to $3,000 in grant funding to participate in the program and set up their agency for success after the program.
How to Submit
Applications may be submitted online. Incomplete applications will not be considered. This is a competitive application process. No more than ten nonprofit organizations will be selected to participate in the 2023 PRIME program. The application deadline is 11:59 p.m. (EST), on Wednesday, February 22.
Apply now take advantage of this opportunity to remove your clients' barriers and enable their success!