Publisher's Synopsis
Excerpt from Small Business Investment Company Reform Legislation: Hearing Before the Committee on Small Business, United States Senate, One Hundred Fourth Congress, Second Session, May 10, 1996
To increase the availability of equity capital and long-term debt to small business concerns, the sba licenses privately-owned Small Business Investment Companies (seics) to make such investments through the sbic program. Sba supplements, or leverages the private capital Of these independently - owned and managed venture capital firms through government guaranteed securities which are sold publicly. The role of sba in the program IS (a) to determine which seics to license, (b) to oversee and regulate those licensees, and (c) to arrange for their funding.
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