Equity Investment (SBIC Program)
|
Am I eligible?
|
Eligibility criteria
To obtain SBIC financing, you should first identify and investigate existing SBICs that may be interested in financing your company. Use the SBIC directory as a first step in learning as much as possible about SBICs in your state, or in other areas important to your company's needs. In choosing an SBIC, consider the types of investments it makes, how much money is available for investment and how much might be available in the future. You should also consider whether the SBIC can offer you management services appropriate to your needs.
Description
The Small Business Investment Company (SBIC) program, part of the U.S. Small Business Administration (SBA), was created in 1958 to fill the gap between the availability of venture capital and the needs of small businesses in start-up and growth situations. SBICs exist to supply equity capital, longterm loans and management assistance to qualifying small businesses.
The privately owned and operated SBICs use their own capital and funds borrowed from the U.S. Small Business Administration (SBA) to provide financing to small businesses in the form of equity securities and longterm loans. SBICs are profitseeking organizations that select small businesses to be financed within rules and regulations set by SBA. Specialized SBICs (SSBIC) are a particular type of SBIC that provide assistance solely to small businesses owned by socially or economically disadvantaged persons.
SBICs invest in a broad range of industries. Some SBICs seek out small businesses with new products or services because of the strong growth potential of such firms. Some SBICs specialize in the field in which their management has special competency. Most SBICs, however, consider a wide variety of investment opportunities.
Managing organization
U.S. Small Business Administration http://www.sba.gov/
Program contact information & web resources
For more information about this program, please visit:
http://www.sba.gov/INV/
To find information about active SBICs, please visit the National Association of Small Business Investment Companies (NASBIC) website at:
http://www.nasbic.org
For more information, please visit the National Association of Investment Companies (NAIC) website at:
http://www.naicvc.com
|
|