Intermediary Loan Program

 

Three year pilot program in which SBA made direct loans of up to $1 million at an interest rate of 1 percent to up to 20 nonprofit lending intermediaries each year, subject to the availability of funds. Term of ILP loans is for a maximum period of 20 years with deferred payments for the first two years. Intermediaries use the ILP loan funds to make loans of up to $200,000 to startup, newly established, or growing small business concerns. No small business (including affiliates) may have more than $200,000 outstanding under this program at one time.

Active 59.062 Small Business Administration E - Direct Loans Not applicable. Small Business Act, Section 7(l) (15 U.S.C. 636(l)), Title 13, Part 109, Section 1131, Public Law 111-240 Applicants to the pilot program were required to be a private nonprofit entity with not less than one year of experience of making loans to startups, newly established or growing small businesses. The applicant must have directly funded the loans and not simply provided referrals to loans made by another entity. If an applicant is made up of a consortium of organizations, each member of the consortium must be individually eligible. Intermediaries that participate in SBA's microloan program were not eligible to become ILP intermediaries. However, affiliates of microloan intermediaries may have applied. Refer to Federal Register Notice Vol. 76, No. 63, dated Friday, April 1, 2011 starting on page 18007 for additional information. Not necessary Generally applicants submitted an application which included financial statements, certificate of good standing, resumes of individuals associated with the organization, business plan, at least one year experience of making small business loans $50,000 to $200,000, documentation supporting non-profit status, and plan for distributing loan funds within two years. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. This program is excluded from coverage under OMB Circular No. A-110. Refer to Federal Register Notice Vol. 76, No. 63, dated Friday, April 1, 2011 starting on page 18007. Not applicable. Not applicable. Not applicable. Not applicable. This program is no longer accepting proposals. This program has not been funded since 2012. Information available at www.sba.gov Loans shall be made for startup, newly established, and growing small business concerns for working capital, real estate, and the acquisition of materials, supplies, furniture, fixtures, and equipment. $20 million was set aside for this program each in FY 2011 and FY 2012. Three year pilot program in which SBA made direct loans of up to $1 million at an interest rate of 1 percent of up to 20 nonprofit lending intermediaries each year, subject to the availability of funds. Term of loans is for a maximum period of 20 years with deferred payments for the first two years. No ILP loan was made to an eligible intermediary if the total amount of outstanding and committed to the eligible intermediary would, as a result of the loan, exceed $1 million during the participation of the eligible intermediary in the program. Performance Reports: Reports for any changes to the ILP's intermediary organization or financing. Each ILP must submit audited financial statement annually. Refer to Federal Register Notice Vol. 76, No. 63, dated Friday, April 1, 2011 starting on page 18007. Statutory Formula: Title Small Business Administration Chapter 13 Part 109 Public Law P.L. 111--240 Small Business Administration

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. All funds must be disbursed within the first two years of award. Program was funded through FY 2012. Award is provided in not less than two installments with first installment not more than $500,000. See Appendix IV of the Catalog of Federal Domestic Assistance under Small Business Administration. James Webb, Microenterprise Development Division
409 3rd Street, SW
8th Floor
Washington, DC, DC 20416 US
James.Webb@sba.gov
Phone: 202-619-0628 http://www.sba.gov 73-1154-0-1-376 (Direct Loans) FY 22$0.00; FY 23 est $0.00; FY 24 est $0.00; FY 21$0.00; FY 20$0.00; FY 19$0.00; FY 18 Estimate Not Available FY 16 Estimate Not Available FY 17 Estimate Not Available - 2015, 2016, 2017, and 2018 - Not applicable $1 million each for 20 ILP's with average of $1 million See www.sba.gov Not applicable.