When your small business needs an infusion of cash to purchase more inventory or expand your physical location, the Small Business Investment Company (SBIC) program offers the solution you need. The team at Business Scout in Hewlett, NY, explains what you should know about working with a business investing company.
Regulated By The Small Business Administration (SBA)
The SBIC program has provided financial assistance to small business owners for almost 60 years. The SBA doesn't directly fund small businesses but guarantees the funds investment companies borrow. The small business investment company you work with should be licensed, regulated, and fully backed by the SBA.
Provides Benefits To Small Businesses
Small business investing companies give company owners access to equity deals, management guidance, and long-term loans at low interest rates. Your SBIC may offer larger loans than what you would receive from other investors.
Many SBICs To Choose From
With over 300 business investment companies available, it's important to do your research before choosing one. Some investment companies cater to startups, while others focus on backing businesses in a particular industry. Look at the investment profiles of the companies you are interested in and the size of the investments they have previously funded before making your decision.
The team at Business Scout will match you with angel investors to provide funding solutions for your company. Give them a call at (718) 510-3613 to speak to a small business investing expert, or visit their website for more information about their services and funding opportunities.