| A Small Business Investment Company (SBIC) is a | | | | just loan money for you to jump start your small |
| company design to give you and your small business | | | | business but also to help you keep your business |
| a loan that you need. They only deal in capitals | | | | moving. They will loan money out for reasons such |
| usually ranging from $250,000 to 5 million (USD). The | | | | as, refinancing, reconstruction, plant modernization, |
| (SBA) Small Business Administration was created in | | | | updating to new equipment, marketing activities, land |
| 1958 to help any citizen who qualifies to be able to | | | | acquisition and research and development. These |
| obtain a capitol for their business needs. The SBA | | | | type of loans pretty much work the same way and |
| sells certificates to qualifying investor and institutions | | | | if you already have obtained a SBIC loan it will |
| that will allow them to help you obtain a loan. | | | | probably be pretty easy to obtain and or extend and |
| The (SBIC) can supply you with a loan that most | | | | existing loan if you have or had paid off the last loan |
| likely will not be attainable by most banks. The (SBIC) | | | | in good faith. |
| helps out small business every year get lunched with | | | | What SBIC does for you that banks or other |
| small business loans for short term or long term. | | | | investor can't do is they work directly with the Small |
| Since they are certified by the government their | | | | Business Administration to pool money together in |
| main goal is your success. It's not out there to take | | | | larger amounts and at a faster pace to get you the |
| your money and make your loan terms unbearable to | | | | money that you need sooner than later. Plus you will |
| where you end up failing. They are certified by the | | | | not have to work with your bank and get denied and |
| government to make the loan terms bearable enough | | | | then have to go to the next bank and so on and so, |
| for and your business to succeed. | | | | not only is this a hassle but every time someone pulls |
| The (SBIC) has to go through a very though licensing | | | | your credit report it will hurt your credit. |
| program and is subject to audit every single year for | | | | With the right ideal and the right business plan in |
| the protection of everybody. They may receive | | | | place the SBIC will help you get the capital to fit your |
| 200% or more of leverage money on their private | | | | needs that will help you lunch a business that will |
| capital paid by the the SBA. | | | | succeed. |
| The Small Business Investment Company does not | | | | |