Sbic sentence example

sbic
  • The SBIC or Small Business Investment Companies is a financing arm of the Small Business Administration (SBA).
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  • Are similar to venture capital firms, but under SBA regulations (an SBIC can only assume up to 49% of a company and the entrepreneur retains controlling interest in the corporation).
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  • An SBIC can invest in companies located anywhere in the United States or its territories.
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  • Business owners interested in working with an SBIC should consider a number of factors before approaching a participating corporation for funding.
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  • Each SBIC sets its own policies on how much to lend and the criteria it looks for when considering an application for funding.
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  • Business owners should consider what type of financing they require before approaching an SBIC.
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  • In situations where a company requires a higher level of funding than one SBIC can provide, it is possible to work with more than one investor to receive the full amount needed.
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  • Usually, a business owner applies for SBIC funding by submitting a business plan containing a request for financing.
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  • The length of time the SBIC will require to complete their review changes.
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  • If the SBIC requests more information from you, make sure to supply what they request as swiftly as possible.
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  • Another funding source for some women is small business investment companies or SBIC's.
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