The Small Business Administration, more commonly referred to as SBA, is the United States government's leading agency that is primarily dedicated to offering and providing support to the country's entrepreneurs and small businesses.
The Small Business Administration has inititiated the Small Business Investment Companies program to help in developing privately owned and managed investment companies which will be licensed and regulated by the Small Business Administration to provide equity capital, long term loans, and advisory services to small business requiring such services.
The Small Business Administration's efforts are guided by there mission which is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters."
In keeping with its agency objectives, the Small Business Administration has constituted the Small Business Investment Companies program.
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
The established Small Business Investment Companies could then provide financial and management assistance on a constant basis to small business concerns matching the program's eligibility criteria.
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