13 CFR § 120.703 - How does an organization apply to become an Intermediary?
---identifier: "/us/cfr/t13/s120.703"source: "ecfr"legal_status: "authoritative_unofficial"title: "13 CFR § 120.703 - How does an organization apply to become an Intermediary?"title_number: 13title_name: "Business Credit and Assistance"section_number: "120.703"section_name: "How does an organization apply to become an Intermediary?"chapter_name: "SMALL BUSINESS ADMINISTRATION"part_number: "120"part_name: "BUSINESS LOANS"positive_law: falsecurrency: "2026-04-05"last_updated: "2026-04-05"format_version: "1.1.0"generator: "[email protected]"authority: "15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182."regulatory_source: "61 FR 3235, Jan. 31, 1996, unless otherwise noted."cfr_part: "120"---
Identifier
/us/cfr/t13/s120.703
Currency
2026-04-05
Positive Law
No
Updated
2026-04-05
Chapter
Small Business Administration
Authority
15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 1... 15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182.
# 120.703 How does an organization apply to become an Intermediary?(a) *Application Process.* Organizations interested in becoming Intermediaries should contact SBA for information on the application process.(b) *Documentation in support of application.* The application must include a detailed narrative statement describing:(1) The types of businesses assisted in the past and those the applicant intends to assist with Microloans;(2) The average size of the loans made in the past and the average size of intended Microloans;(3) The extent to which the applicant will make Microloans to small businesses in rural areas;(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;(5) The availability and cost of obtaining credit for small businesses in the area;(6) The applicant's experience and qualifications in providing marketing, management, and technical assistance to small businesses; and(7) Any plan to use other technical assistance resources (such as counselors from the Service Corps of Retired Executives) to help Microloan borrowers.