Transaction Description:
AWARDTYPE: GUARANTEED/INSURED LOANS ACTIVITIES TO BE PERFORMED: LICENSED AND REGULATED SBICS USE THEIR OWN CAPITAL, PLUS FUNDS BORROWED WITH AN SBA GUARANTEE, TO MAKE EQUITY AND/OR DEBT INVESTMENTS IN ELIGIBLE SMALL BUSINESSES AND PROVIDE ADVISORY SERVICES TO THE SMALL BUSINESSES IN WHICH THEY INVEST. DELIVERABLES: LOANS GUARANTEES IN THE FORM OF LEVERAGE, BASED ON PRIVATE CAPITAL RAISED BY AN SBIC FROM INSTITUTIONAL INVESTORS. EXPECTED OUTCOMES: STIMULATE AND SUPPLEMENT THE FLOW OF PRIVATE EQUITY CAPITAL AND LONG TERM LOAN FUNDS AVAILABLE TO SMALL BUSINESSES FOR THE FINANCING OF BUSINESS OPERATIONS, GROWTH, EXPANSION, AND MODERNIZATION. INTENDED BENEFICIARIES: INDIVIDUAL SMALL BUSINESSES (SINGLE PROPRIETORSHIPS, PARTNERSHIPS OR CORPORATIONS) THAT SATISFY SBIC PROGRAM ELIGIBILITY CRITERIA FOR SBIC INVESTMENT. SUBRECIPIENT ACTIVITIES: IMPROVE AND STIMULATE THE NATIONAL ECONOMY; CREATE/SUSTAIN JOBS.
