---
kind: "section"
citation: "13 C.F.R. § 120.703"
title: "13"
number: "120.703"
heading: "How does an organization apply to become an Intermediary?"
url: "https://uscodex.org/cfr/13/120.703"
---

# §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.

## Notes

### Authority

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.

### Source

Source: 61 FR 3235, Jan. 31, 1996, unless otherwise noted.