SBA

General Overview

Currently no applications for the NMVC Program are being accepted

New Markets Venture Capital Program

Review and Selection Process, Round I

(As of 08/19/02)

 
Note: This review and selection process was used for Round I. SBA will announce procedures for any future application round(s). 

Table of Contents

I.         Initial Screening

          A.        Application receipt and tracking

          B.         Initial screening for eligibility and completeness

II.        Review Panel Process

          A.        General

          B.         Reviewing and ranking procedures

III.       Due Diligence and Staff Review Process

IV.      Portfolio Committee - Recommended Portfolio

          A.        Purpose and process

          B.        Review and selection process

V.       Final Selection of Conditionally Approved NMVC Companies and SSBICs

VI.      Grant Awards to NMVC Companies and SSBICs 

          A.        Negotiation of budget terms

          B.        Grant matching resources

VII.     Final Approval of NMVC Companies and Final Selection of SSBIC Grantees

          A.        Legal documentation

          B.        Capital

          C.        Final approval

          D.        Notification to finally approved NMVC Companies and SSBICs

APPENDIX A:  New Markets Venture Capital (NMVC) Company Application--Evaluation and Scoring System Overview

APPENDIX B: Specialized Small Business Investment Company (SSBIC) Operational Assistance Grant Application--Evaluation and Scoring System Overview