The SBA affords substantial educational data with a selected concentrate on aiding small business startup and progress. The group doesn’t provide grants or direct loans, excluding disaster reduction loans, but as an alternative ensures towards default items of business loans extended by banks and other official lenders that meet the company’s tips.
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The first exception supplies circumstances below which an SBIC may structure an investment by as much as two levels of passive entities to make an investment in a non-passive business that may be a subsidiary of the passive business immediately financed by the SBIC.
Based on authorities offered in these two statutes, the rule establishes a Government-broad mentor-protégé program for all small business considerations, per SBA’s mentor-protégé program for Individuals in SBA’s 8(a) Business Improvement (BD) program.
On April 6, 2016, the U.S. Small Business Administration (SBA) printed within the Federal Register a proposed rule to amend its catastrophe loan program regulations in response to modifications made to the Small Business Act (the Act) by the Recovery Improvements for Small Entities After Disaster Act of 2015 (the RISE Act).