Privately owned and managed _____ are licensed by the SBA and provide long-term financing for small businesses.

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27-01-2022
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Privately owned and managed _____ are licensed by the SBA and provide long-term financing for small businesses.

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mboluwape mboluwape · Answer 1 · 2022-02-08T12:35:24+01:00

Privately owned and managed Small Business Investment Companies (SBIC) are licensed by the SBA and provide long-term financing for small businesses.

What is Small Business Investment Companies (SBIC)?

Small Business Investment Companies (SBIC) are companies that provide small businesses and startups financing opportunities.

SBIC are licensed by SBA and they provide equity capital, loans, and management assistance

Therefore, Privately owned and managed Small Business Investment Companies (SBIC) are licensed by the SBA and provide long-term financing for small businesses.

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