{"data":{"id":"us/13-cfr-120.703","jurisdiction":"us","citation":"13 CFR 120.703","heading":"How does an organization apply to become an Intermediary?","body":"(a) Application Process. Organizations interested in becoming Intermediaries should contact SBA for information on the application process.\n(b) Documentation in support of application. The application must include a detailed narrative statement describing:\n(1) The types of businesses assisted in the past and those the applicant intends to assist with Microloans;\n(2) The average size of the loans made in the past and the average size of intended Microloans;\n(3) The extent to which the applicant will make Microloans to small businesses in rural areas;\n(4) The geographic area in which the applicant intends to operate, including a description of the economic and demographic conditions existing in the intended area of operations;\n(5) The availability and cost of obtaining credit for small businesses in the area;\n(6) The applicant's experience and qualifications in providing marketing, management, and technical assistance to small businesses; and\n(7) Any plan to use other technical assistance resources (such as counselors from the Service Corps of Retired Executives) to help Microloan borrowers.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 120—BUSINESS LOANS","Subpart G—Microloan Program"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"0b2b002f2cb85a117ac7f521e80c2cbfd30e999167bfc2a025e4edc506b1a8b2","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.702","next":"us/13-cfr-120.704"},"notice":"GroundRules: Original legal text. Not legal advice."}