SBA administrator announces $7.2 million in PRIME grants to help emerging micro-entrepreneurs gain access to capital

WASHINGTON – Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration and the voice for America’s 33 million small businesses in President Joe Biden’s Cabinet, announced a $7.2 million grant award to 38 organizations under the Program for Investment in Micro-Entrepreneurs, a $1.7 million increase, up 30% from last year’s allocated $5,500,000 in funding Thursday, Sept. 22. The PRIME award will support these nonprofit organizations as they help low-income entrepreneurs get financing to establish and expand their small businesses or provide capacity-building training for other organizations that provide capital to underserved small businesses.In line with the president’s mission of creating an economy that works for all, Guzman has led the SBA to pr
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