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 submission deadline, 4:59 PM ET)
Funding Amounts: Awards range from $75,000 to $400,000 for 12-month projects; approx. 27 awards expected; 50% match required (may be waived).
Summary: Supports training, technical assistance, and capacity building for organizations serving disadvantaged microentrepreneurs.
Description
This program provides grant funding to nonprofit and tribal organizations to deliver training, technical assistance, and capacity building to disadvantaged microentrepreneurs and microenterprise development organizations (MDOs). The goal is to enhance the ability of these organizations to help underserved entrepreneurs, especially those with low or very low income, limited access to capital, or those located in rural areas. Funding is available through two tracks: direct technical assistance to disadvantaged entrepreneurs (Track I) and capacity building for MDOs (Track II).
