TeachMeFinance.com - explain Small Business Investment Company (SBIC)
Small Business Investment Company (SBIC) -- SBICs, licensed by the Small Business Administration, are privately owned and managed investment firms. They are participants in a vital partnership between government and the private sector economy. With their own capital and with funds borrowed at favorable rates through the Federal Government, SBICs provide venture capital to small independent businesses, both new and already established.
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