Congressional Grants
The Small Business Administration maintains and strengthens the nation's economy by aiding, counseling, assisting and protecting the interests of small businesses and by helping families and businesses recover from national disasters.
Program Accomplishments
Not Applicable.
Uses and Use Restrictions
Specific grants for research, training, demonstration projects, small business assistance, construction, community and economic development, educational programs, business and infrastructure development, and/or rural development.
Funding can only be used for grant projects included in the statutory language for a specific purpose.
Eligibility Requirements
Applicant Eligibility
None.
Beneficiary Eligibility
None.
Credentials/Documentation
Recipients need to submit to SBA a completed application under Grants.gov prior to receiving any type of funding. Only once application is considered complete by SBA shall any funding be disbursed. Funds are only disbursed via reimbursement of project related expenses. OMB Circular No. A-87 applies to this program.
Aplication and Award Process
Preapplication Coordination
Preapplication coordination is not applicable.
Environmental impact information is not required for this program.
This program is excluded from coverage under E.O.
12372.
Application Procedures
This program is excluded from coverage under OMB Circular No. A-102. OMB Circular No. A-110 applies to this program. None
Award Procedures
Completion of application form to satisfaction of SBA on Grants.gov. Upon satisfactory completion a notice of award is signed with applicant. This process is followed by reimbursement from SBA of expenses incurred followed by a closing of award.
Deadlines
Contact the headquarters or regional office, as appropriate, for application deadlines.
Authorization
Enacted appropriations act for the Small Business Administration.
Range of Approval/Disapproval Time
> 180 Days. None.
Appeals
From 60 to 90 days. None.
Renewals
None.
Assistance Considerations
Formula and Matching Requirements
This program has no statutory formula.
This program has no matching requirements. This program has no matching requirements.
This program does not have MOE requirements. This program does not have MOE requirements.
Length and Time Phasing of Assistance
Assistance is available for the current and next fiscal year following enactment of an appropriation. Money awarded must be spent within five years following enactment. See the following for information on how assistance is awarded/released: Reimbursement following receipt of a project related invoice.
Post Assistance Requirements
Reports
Standard Form PPR must be submitted quarterly.
Standard Form 425 must be submitted quarterly.
Standard Form PPR must be submitted quarterly.
Standard Form 425 must be submitted quarterly.
Yes, SBA reviews the Standard Form PPR and Standard Form 425 and compares to goals and objectives of project pursuant to chart of milestones.
Audits
In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. OMB Circular No. A-133 identifies the audit procedures for the program.
Records
SBA requires that the recipient maintain records for three years following final disbursement of funds.
Financial Information
Account Identification
73-0100-0-1-376 - Salaries and Expenses for SBA.
Obigations
(Project Grants) FY 10 $56,098,000; FY 11 $0; FY 12 $0 - None.
Range and Average of Financial Assistance
Awards are in the range of $35,000 to $2,000,000 with an average of $214,000.
Regulations, Guidelines, and Literature
2 CFR Part 215
Information Contacts
Regional or Local Office
None.
Headquarters Office
Karen Hontz 409 3rd. Street, SW, Suite 5000, Washington, District of Columbia 20416 Email: Karen.Hontz@sba.gov Phone: 202-205-6622 Fax: 202-205-6821
Criteria for Selecting Proposals
Not Applicable.
Social Entrepreneurship
Spotlight
The Social Innovators of 2014
For 2014, the Schwab Foundation for Social Entrepreneurship has recognized 37 individuals for their outstanding work in the field of social enterprise.
