Law360, New York (March 24, 2017, 5:02 PM EDT) -- Mark Kromkowski
The Small Business Investment Company Program enables private equity fund managers to access government leverage at rates that are typically lower than traditional lending sources with the goals of growing small business, enhancing limited-partner returns, and facilitating the access to growth capital for middle-market companies.
Congress enacted the Small Business Investment Act of 1958, as amended from time to time, and the rules and regulations promulgated thereunder (SBIC Act of 1958), to create the SBIC Program. The U.S. Small Business Administration administers the SBIC Program. The SBIC Program encourages the creation of SBIC funds to increase the...
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