Small Business Administration's Portable Assistance Program
Page 2

In addition, the SBA plans to administer five awards to different applicants with each award amounting to $80,000; bringing the total funding budget to $400,937.

In order to be eligible to submit an application under the Portable Assistance Program, you will have to:

1) Be an accredited Small Business Disaster Center

2) Be funded as a Lead Center of the Small Business Administration

3) Have experienced any form of major disaster in the Land Center's area of service upon the date of submission of applications.

However, the SBA will refuse to accept applications that are coming from:

1) Any that is organization not a currently funded and not an accredited SBDC Lead Center

2) Any organization that is currently having an outstanding, unresolved financial issue with any federal agency

3) Any organization that is presently suspended or prohibited from receiving grants and other forms of financial assistance from the federal government.

4) Any organization with a grant or cooperative agreement that was involuntarily terminated or non-renewed by SBA

5) Any organization that has filed for bankruptcy within the past five years;

6) Any organization with at least one significantly non-compliant condition within SBA program guidelines while implementing or administering any SBA program, current or past.

Small Business Administration's Portable Assistance Program
  Back to Page 1

About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on children grants and education grant money.

Additional Resources

category - Small Business Grants

9 Things You Must Do To Maximize Your Chances Of Obtaining A Small Business Loan
To get approval for your small business loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more st...

---

Small Business Administration Background
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.

---

Small Business Administration's Loan Guarantees Program
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.

---

Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.

---