The kind of financial assistance that will be offered by the established Small Business Investment Companies will concentrate mainly on concerns such as pioneering, innovating strategies such as the development of new products, processes and markets.
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.
To know more about this program, visit Topgovernmentgrants.com or go to the SBA.gov website.
Any small business investment company will be considered eligible to participate in this program as long as they have a private capital of not less than $3,000,000 (for companies who choose not receive leverage from SBA) or $5 million (for companies who chose to receive leverage from SBA); and as long as they have a qualified and capable management staff which could lead to proper business operation.
The Small Business Administration, the principal agency funding the Small Business Investment Companies Program, is the US government's leading agency that is responsible for the maintenance and strengthening of nation's economy and they seek to achieve this by aiding, counseling, assisting and protecting the interests of small business establishments.
In the fiscal year 2007, the Small Business Administration has recorded an impressive number of 369 investment companies with total capital resources amounting to $18.6 billion.
Small Business Administration's Small Business Investment Companies
Back to Page 1
About The Author
Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.
The Social Enterprise Law Association (SELA), founded by Bea Hinton and Thea Sebastian, is a student-led organization at Harvard Law School designed to connecting the rift between the private and public sectors, while offering a space for students to transform their ideas into initiatives by applying their newfound legal skills to build meaningful careers.