The revised rule includes a process for the protégé to ask SBA to step in if the mentor is not providing the proper assistance and then allow a replacement mentor for the remaining term. Third, SBA can step in if the mentor is not pulling its weight. Because the company can submit a new agreement, the reconsideration process is unnecessary. SBA eliminated the reconsideration process because the current rule allows a “small business to submit a new (or revised) mentor-protégé agreement to SBA at any point after 60 days from the date of SBA’s final decision declining” the relationship. Second, the rule will eliminate the reconsideration process for denial of a mentor-protégé agreement. “f a specific small business protégé appears to use the 18-month test as a means of using many short-term mentor-protégé relationships, SBA may determine that the business concern has exhausted its participation in the mentor-protégé program and not approve an additional mentor-protégé relationship.” However, if SBA believes that the protégé is abusing this 18-month window, it can pump the brakes on the protégé seeking more mentors. As SBA explained, “the proposed rule amended § 125.9(e)(6) to not count any mentor-protégé relationship toward a firm’s two permitted lifetime mentor-protégé relationships where the mentor-protégé agreement is terminated within 18 months from the date SBA approved the agreement.” SBA may approve a second mentor for a particular protégé firm where the second relationship will not compete or otherwise conflict with the assistance set forth in the first mentor-protégé relationship” and other conditions are met.īut the SBA’s website said (and actually still does say) that a protégé can “ave no more than two mentors in the business’ lifetime.” While the two mentor limit is still in place, SBA has added some flexibility to this limit.įirst, if the relationship sours quickly, it won’t count against the two-mentor max.
The old SBA rule wasn’t really clear that a protégé could only have two lifetime mentors, it only said that a “protégé firm may generally have only one mentor at a time. They say there are no second chances, but the SBA’s new rule will allow for second chances on a mentor protégé arrangement in some circumstances, which should benefit protégés going forward. Well, too bad, that still used up one of the two lifetime mentors that a protégé could have. Say the mentor ghosted the protégé, or the two just never did any contracts together.
#SBA MENTOR PROTEGE REGISTRATION#
Registration is FREE and we look forward to seeing you at our virtual event, AUGUST 10, 2-3 PM EST.The SBA has long had a lifetime limit of two mentors for each protégé–and this limit was enforced very strictly.
Hear directly from the experts and learn exactly what it takes to make the best decision for your small business! Find out from the Experts: From regulatory changes to self-marketing, you’ll leave each session knowing more and attaining one more tool in your toolkit to set yourself apart in federal contracting and business development.įor August’s Community of Practice, learn about the big five small business programs: 8(a) Business Development program, Woman Owned Small Business program (WOSB), Service Disabled Veteran Owned Small Business program (SDVOSB), Historically Underutilized Business Zone (HUBZone), and the Mentor-Protégé Program (MPP). We invite renown subject matter experts to discuss topics that matter to you most. The SBA Mentor-Protégé Program holds a quarterly Community of Practice for ALL small businesses looking to gain an edge in the federal marketplace.
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