PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS (PRIME)
The PRIME Act funds training, support, and research to help disadvantaged entrepreneurs and strengthen organizations that assist microenterprises.
Funder: Small Business Administration
Due Dates: August 12, 2026 (Full application due by 4:59 PM ET)
Funding Amounts: $75,000–$400,000 per award; 27 awards expected; 12-month project period; 50% match required (waivers possible)
Summary: Supports nonprofits and tribal entities providing training, technical assistance, and capacity building for disadvantaged microentrepreneurs and microenterprise development organizations.
Key Information: Applications must be submitted via grants.gov; late or incomplete submissions are not considered.
Description
This program, administered by the Small Business Administration (SBA), provides grants to nonprofit microenterprise development organizations, programs run by state/local/tribal governments, and Indian tribes. The aim is to support disadvantaged microentrepreneurs—individuals who lack access to traditional business resources—through training, technical assistance, and capacity building. Funding is available for two primary tracks: direct services to disadvantaged entrepreneurs (Track I) and capacity building for microenterprise development organizations (Track II). The program prioritizes projects serving rural and economically disadvantaged populations.
