SCORE

Small Business Administration

To provide mentoring and workshops to potential and existing small business owners using the management experience of retired and active business professionals.

Jargon-free version

Helps small business owners connect with experienced mentors for guidance and workshops. Services include free advice on planning, financing, and management.

Quick Facts

Funding
$7,638,100 - $7,638,100
Deadline
Rolling
Status
Rolling Intake
Category
Business Financing & Capital
Organization
Small Business Administration

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What Is This Program?

To provide mentoring and workshops to potential and existing small business owners using the management experience of retired and active business professionals.

What Benefits Are Offered?

loanfundingtraining

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๐Ÿ† Detailed Application Guide

๐Ÿ“‹What Are the Application Steps & Timeline?

๐Ÿ“Steps to Apply
  • Connect with a SCORE mentor
  • Prepare your business case and financial statements
  • Submit your request for funding
๐ŸŒApplication Portal
https://www.sba.gov/score
๐Ÿ“คSubmission Method
online
๐Ÿ”„Intake Type
rolling

๐Ÿ“„What Documents Are Required?

โœ…Required Documents
  • SF-424 (Application for Federal Assistance)
  • SF-424A (Budget Information - Non-Construction)
  • SF-424B (Assurances)
  • Project Narrative
  • Budget Narrative
๐Ÿ“ŽOptional Documents
  • Letters of support
  • Business case
  • Financial statements
๐Ÿ“Format Requirements
PDF only, max 10MB
โœ‰๏ธSupporting Letters
Letters of support/reference may be required.

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๐Ÿ’ฐWhat Expenses Are Eligible?

๐ŸงพEligible Expenses
  • Acquiring real estate
  • Refinancing current business debt
  • Short- and long-term working capital
  • Purchasing machinery and equipment
  • Purchasing furniture and fixtures
  • Changes of ownership
๐ŸšซIneligible Expenses
  • Working capital or inventory
  • Speculation or investment in rental real estate
๐Ÿ“Expense Caps
Maximum loan amount $5 million
๐Ÿ’ณPayment Model
mixed
โชRetroactive Expenses Eligible
No

๐ŸคIs Matching Funding Required?

๐Ÿ”€Matching Required
Yes
๐Ÿ“ŠMatching Ratio
25% minimum
๐ŸฆEligible Matching Sources
  • cash
  • in-kind contributions
  • donated goods
  • services
  • volunteer time
๐Ÿ“šStacking Rules
Cumulative government assistance is allowed.
๐Ÿ›ก๏ธProof of Matching Required
Documentation of financial statements and business case required.

๐Ÿ“ŠWhat Are the Reporting Requirements?

How Do I Apply?

OED@sba.gov
202-205-7007

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FAQFrequently Asked Questions

Visit the program page for detailed eligibility requirements.

This program offers funding up to $7,638,100 (minimum $7,638,100).

This program accepts applications on a rolling basis.

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