Our Mission

The Spark small business grant programs will fuel new growth and employment opportunities in the wholesale mortgage industry.

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What is the Spark Small Business Grant Program?

The Spark small business grant is designed to provide opportunities for retail mortgage professionals interested in becoming Broker Owners in the wholesale mortgage industry. The goal of the business grant is to provide additional resources to better equip new wholesale brokers with the tools they need to set up a successful independent mortgage business. Recipients can use the grant for marketing, technology, licensing, office expenses, and more to offset the costs of opening a new wholesale brokerage. The grant also provides additional support from the Association of Independent Mortgage Experts (AIME) and the broker community to help the recipients build sustainable business models for any market environment.

How to Prepare a Business Plan

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Business Plan Template


NMLS Requirements for Brokers

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Filing Your Business as an Entity

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Capital & Liquid Asset Requirements

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Preparing Professional References

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Frequently Asked Questions

How do I know if I am eligible to apply for a Spark program?

Please review the program qualifications for the Spark mortgage career training and small business grant.

I meet the qualifications for more than one Spark program (Minorities in Mortgage and Women in Mortgage), which should I apply for?

Please apply for the program that best suits you. All applications will be reviewed based on the merits of their application and only one grant will be awarded at the discretion of the Application Review Committee.

I am a current retail mortgage professional interested in joining the wholesale channel to open my own brokerage, can I still qualify for the small business grant if I am part-way through the process?

Spark small business grant applicants may qualify if they have retail mortgage origination experience and are not currently working in the wholesale mortgage channel at the time of application review and are within the first 12 months of establishing their business. Please review the Spark eligibility criteria to make sure you qualify.

Can both myself and my business partner apply for the business grant separately if we both qualify?

To reach the most number of brokers across the country we will only accept one application per company.

Is there anything I can prepare now to be ready when applications open on November 14th?

Yes! For the small business grant, you can begin preparing your business plan, if you don’t already have one. All grant applicants can gather Two (2) professional, Two (2) community and One (1) personal references. Please also update your professional resume and make sure to have a high-resolution headshot. Please read How to Apply for Spark for additional information about what is required during the application process.

Will there be any oversight of how the grant funds are used after they are distributed?

Yes, grant recipients will be required to submit Profit & Loss statements for the business following disbursement of funds.

Have additional questions? Read the Spark FAQs or find more information about Spark Grant Details.


Funding Supporters

Spark programs are made possible by the Association of Independent Mortgage Experts (AIME) with funding support provided by United Wholesale Mortgage, Homepoint and EPM.

Program Supporters

Due to the high volume of applications, grant recipients will be announced by 3/1/2023.