Very consistent running program Small Business Investment Company, Small Business Investment Company Program revolves around the idea of developing a privately operated and managed investment firms that must be licensed and regulated by the Small Business Administration, thereby providing capital, long-term loans, and consulting services for small businesses that require such services. As a result, established Small Business Investment Companies are then able to provide financial assistance and management constantly to help care for small businesses in accordance with the program’s eligibility criteria.
Types of financial assistance to be provided by the SBIC established will concentrate mainly on concerns such as pioneering, innovating strategies such as the progress of new goods, processes and markets.
Every small investment company shall be deemed eligible to take part in the program for their own private capital not less than $ 3,000,000 (for companies that choose not to accept the influence of SBA) or $ 5 million (for companies that choose to accept the effect of SBA); and as long as they have a qualified staff and capable management that can lead to proper business operations.
SBA, the primary agency funding SBIC Program, is leading the US government agency responsible for the maintenance, strengthening and protection of the nation’s economy. The agency has consistently made this happen by helping, counseling, assisting and protecting the interests of minority-owned business enterprises and companies.
Small Business Investment Company Program is an important addition to all the existing programs of the SBA because of the goals and objectives of this program is very much in keeping with the mission of their institution.
Furthermore, the program is also believed to help the agency achieve its goal of actually serve minority-owned business enterprises and entrepreneurs who are less fortunate.