Sbic sentence example
The SBIC or Small Business Investment Companies is a financing arm of the Small Business Administration (SBA).
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).
An SBIC can invest in companies located anywhere in the United States or its territories.
Business owners interested in working with an SBIC should consider a number of factors before approaching a participating corporation for funding.
Each SBIC sets its own policies on how much to lend and the criteria it looks for when considering an application for funding.Advertisement
Business owners should consider what type of financing they require before approaching an SBIC.
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.
Usually, a business owner applies for SBIC funding by submitting a business plan containing a request for financing.
The length of time the SBIC will require to complete their review changes.
If the SBIC requests more information from you, make sure to supply what they request as swiftly as possible.Advertisement
Another funding source for some women is small business investment companies or SBIC's.