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SBA Reports Record Level of SBIC Financing For Third Straight Year
The U.S. Small Business Administration's (SBA) Small Business Investment Company (SBIC) debenture program provided $2.95 billion in financing to small businesses in FY12, according to a recent SBA release. SBICs around the country help small businesses to expand by providing them with access to long-term capital. For the third year in a row, SBIC activity reached an all-time high, growing 14 percent over FY11 and 85 percent over FY10. Read the announcement...
Want to learn more about federal capital resources for expanding businesses? Join us next week in Atlanta as we explore the intersection of technology-based economic development and community finance in our session on Funding the Next Step: Helping Companies Expand. Learn more...
sba, capital