Of note, SBA drove home that it wants to see specifics about the business development assistance the mentor will provide to the protégé by fine-tuning an existing requirement concerning information that must be included in the mentor-protégé agreement-revising the regulation so that the parties must “specifically identify the business development assistance to be provided” before addressing how it will enhance the protégé’s capabilities. SBA made only a couple of tweaks to the information that must be contained in the mentor-protégé agreement. Given the importance of timing for approvals, new applicants will need to allow sufficient lead time given the uncertain approval timelines for the combined programs.Ĭhanges to the Mechanics of Drafting a Mentor-Protégé Agreement and Remaining in the Program
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