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SPARK Act: New Grants and Mentorship for Underserved Small Businesses

This act creates the Spark Program to help small businesses in rural and underserved areas through free mentorship and expert advice. It also provides financial help, including small grants and low-interest loans, to help entrepreneurs who often struggle to get traditional funding.
Key points
Free professional counseling and mentorship for businesses owned by women, veterans, and minorities.
Direct grants of up to $20,000 for eligible small businesses to support their growth.
Access to low-interest loans and better financing options for those lacking traditional collateral.
Increased funding for business incubators and accelerators in rural and economically distressed areas.
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Status: Introduced
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Additional Information
Print number: 119_S_3876
Sponsor: Sen. Markey, Edward J. [D-MA]
Process start date: 2026-02-12