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Title 13: Business Credit and Assistance
CHAPTER I: SMALL BUSINESS ADMINISTRATION
PART 119: PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS (?PRIME? OR ?THE ACT?)
119.19 - Is fundraising an allowable expense under the PRIME program
Expenditures of grant funds for fundraising activities are not allowable costs under this program. Applicants must be able to raise matching funds without the assistance of grant funds. Unless the full requirement for matching funds is waived, the applicant must demonstrate that it has adequate fundraising resources to obtain the required non-Federal matching funds to perform the project.
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