Small business program augmented
Published: July 20,2009
WASHINGTON — Small businesses that would otherwise have difficulty securing private equity or venture capital may find funding easier to get as a result of changes made as part of the American Recovery and Reinvestment Act to the U.S. Small Business Administration’s (SBA’s) Small Business Investment Company (SBIC) program.
There are approximately 338 SBICs with $17.4 billion in capital under management, the SBA reports.
For more information about the SBA’s Investment Division and SBIC program, visit www.sba.gov/INV, or call 1-800-U ASK SBA.
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