Looking for venture capital? The Small Business Administration may soon have more money to put to work through its Small Business Investment Companies program.
Two key senators introduced legislation that would increase the amount of debt that the SBA could guarantee for SBICs from $3 billion to $4 billion. The bill is sponsored by Sen. Mary Landrieu, D-La., who chairs the Senate Small Business & Entrepreneurship Committee, and Sen. Olympia Snowe of Maine, the committee's ranking Republican. President Barack Obama has called for this expansion of the SBIC program.
To read the full, original article click on this link: Senators introduce bill to expand guarantees for Small Business Investment Companies - The Business Journals
