SBA PRIME Program Capacity Building Grant

NALCAB Now Accepting Applications for Technical Assistance for Microenterprise Training and Services

With a grant from the U.S. Small Business Administration’s 2019 Program for Investment in Microentrepreneurs (PRIME), NALCAB will provide training and capacity building assistance to microenterprise development organizations (MDOs) that that serve Latino entrepreneurs.  Capacity building is delivered through in-person classroom training at NALCAB’s National Training, direct technical assistance to MDOs, and support of the Affinity Group Lending Model cohort. 

Technical Assistance Opportunity 

NALACB will provide technical assistance  to up to 15 MDOs in the areas of resource development (including applications for SBA programs and resources), sustainability planning, data tracking and reporting, curriculum refinement, and integration of financial capability services.  Each organization will receive up to 10 hours of 1:1 technical assistance at no cost to the organization, as well as webinars and peer-to-peer learning opportunities. Requests for technical assistance may be submitted via the online request form request form and will be accepted on a rolling basis through April 30, 2020, subject to availability of funds.   

Affinity Group Lending Model Capacity Building 

NALCAB has partnered with FINANTA of Philadelphia to provide in-depth technical and financial support to four NALCAB Network members to replicate FINANTA’s Affinity Group Lending (AGL) Model, based on the popular world-wide practice of lending circles. Like the traditional model, AGL borrowers participate in entrepreneurial education and technical assistance. FINANTA’s model differs from traditional lending circles in that loans are capitalized using external loan capital, primarily from the SBA. NALCAB will support FINANTA to provide in-depth technical assistance on the AGL Model to support the growth of the model in the trainee organizations.  

CLICK HERE for complete details and program application.  For more information, please contact Storm Taliaferrow, Senior Program Manager at 210.767.2553 or staliaferrow@nalcab.org

About the U.S. Small Business Administration

The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.  The SBA helps Americans start, build and grow businesses.  Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam. www.sba.gov.