The Small Business Administration (SBA) is now accepting applications for the newly-expanded All-Small Mentor Protégé Program, a program that was previously only open to 8(a) companies, but now includes all qualified small business categories including SDVOSB, WOSB/EDWOSB, and HUBZone.
The SBA makes it clear that while the program is not a matchmaking program, with mentors and protégés  required to be identified beforehand. Once identified, the program assists protégés in collecting valuable business information from their mentors in several areas, including:
  • Financial assistance in the form of equity investments, loans, and bonding
  • Assistance navigating federal contract bidding, acquisition, and performance process
  • Education about international trade, strategic planning, and finding markets
  • Business development, including strategy and identifying contracting and partnership opportunities 
  • And more

The overall goal is to help support a mentor and protege relationship from the SBA.  Recognizing peer to peer relationships can help a business grow more-so than a government entity, providing funds to support the growth and development of two parties is offered by the program.

To learn more about the program, check out the link below: