Changes

The SBA licenses, regulates, and helps provide funds for privately owned and operated venture capital investment firms through the Small Business Investment Company (SBIC). The SBIC specializea in providing long-term debt and equity investments to high-risk small businesses. Its creation was the result of a Federal Reserve study that discovered, in the simplest terms, that small businesses could not get the credit they needed to keep pace with technological advancement. [https://www.sba.gov/about-sba/what-we-do/history| ]

==SBIR==

==Major Loan Programs==

===7(a) Loan Program===

*Participants can receive sole-source contracts, up to $4 million for goods and services and $6.5 million for manufacturing. To qualify as economically disadvantaged, a borrower must have a net worth of less than $250,000, assets under $4 million, as well as two years’ worth of tax returns. [http://www.entrepreneur.com/article/244989| ]

*The firm must be at least 51 percent owned by the disadvantaged program applicant and owners must show good character.

===504 Loan Program===

*Intended to supply funds for asset purchases (i.e., land or equipment)