Final Selection of Conditionally Approved NMVC Companies and SSBICs
 

SBA will make final selections of those NMVC company applicants to be designated as conditionally approved NMVC Companies, and final selections on SSBIC grant applicants.
 

The Director of ONMVC will send written notification to all selected applicants, informing them of their selection and setting forth specific deadlines and general conditions regarding raising capital and matching resources, completing legal documentation, and complying with Office of Procurement and Grants Management (OPGM) administrative requirements concerning grant awards, as applicable.  ONMVC also will have a conference call on July 13, 2001 with all selected applicants, to discuss the remainder of the process to achieve final approval.  Submission requirements and deadlines will be discussed and time will be allowed for question and answer.

The Director also will send written notification to all unsuccessful applicants, advising that their applications were not selected but providing no written justification.  ONMVC also will advise the unsuccessful applicants that they will receive a refund of their $5,000 fee.  ONMVC will request that SBA's Denver Finance Center issue such a refund directly to such applicants.