Opportunity Title:
Microentrepreneur Assistance Program for FY 2023
Opportunity Number:
RBS-22-BUSINESS-0019
Description:
The Rural BusinessCooperative Service (Agency), an agency of the United States Department of Agriculture (USDA), Rural Development (RD), is making an initial announcement to invite applications for loans and grants under the Rural Microentrepreneur Assistance Program (RMAP) for fiscal year (FY) 2023, subject to the availability of funding. This notice is being issued prior to the passage of a FY 23 Appropriations Act, which may or may not provide funding for this program, in order to allow applicants sufficient time to leverage financing, prepare and submit their applications, and give the Agency time to process applications within FY23. Successful applications will be selected by the Agency for funding and subsequently awarded to the extent that funding may ultimately be made available through appropriations. RMAP provides the following types of support: loan only, combination loan and technical assistance grant, and subsequent technical assistance grants to Microenterprise Development Organizations (MDO). An announcement will be made on the Agency website: https:// www.rd.usda.gov/newsroom/federalfunding-opportunities regarding any amount received in the FY23 appropriations. All applicants are responsible for any expenses incurred in developing their applications or any costs incurred prior to the obligation date.
Eligibility:
Eligible applicants are domestic organizations that are non-profit entities, Indian tribes (25 U.S.C. 5304(c)) or public institutions of higher education. Eligible applicants must provide training and technical assistance, make microloans, facilitate access to capital, or have an effective plan or program to deliver such services.
Award Details:
Maximum Grant Amount: $100,000
Maximum Loan Amount: $500,000
Application Deadline:
The deadlines for completed applications to be received in the USDA RD State Office for quarterly funding competitions.
First Quarter: September 30, 2022
Second Quarter: December 31, 2022
Third Quarter: March 31, 2023
Fourth Quarter: June 30, 2023
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