Download or read book Proposals to Strengthen the SBIC Program written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 1996 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Proposals to Strengthen the Sbic Program written by United States. Congress. Senat Business and published by Hardpress Publishing. This book was released on 2013-12 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.

Download or read book Proposals to Strengthen the Sbic Program written by United States; Congress; Senate; Committee on Small Business and published by Forgotten Books. This book was released on 2015-06-25 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Proposals to Strengthen the Sbic Program: Hearing Before the Committee on Small Business, United States Senate, One Hundred Fourth Congress, First Session, December 12, 1995 Chairman Bond. Good morning and welcome to this hearing on the Small Business Investment Company program. Earlier this year the Committee received testimony confirming the important role SBICs play in serving the financing needs of the small business sector of our economy. We have all read recently about the ready availability of venture capital funds on Wall Street. Unfortunately, this money is rarely invested in small businesses. Rather, it is targeted for larger investments with greater dollar potential payoffs. SBICs, on the other hand, target their investments to small businesses that usually are ignored by the larger institutional investors. Today we will identify and evaluate some steps SBA has been taking to improve the SBIC program, and we will begin to consider other improvements requiring legislation from this Committee. We also will be having further hearings as we have received information on problems within SBICs and SSBICs as will be discussed later on today. But we are looking forward to hearing the comments of our SBA witnesses and the views of representatives of the small business investment companies here today. I think anyone who examines the history of the SBIC program surely would join with me in expressing some disappointment in the track record of the program. The program has suffered isolated instances of abuse and mismanagement and has had a high loss rate. However, I intend for this Committee to do more than just serve as a forum for talking about those problems and rehashing the horror stories. Growing companies that depend on SBIC financing expect us to act, not just point fingers. Our mission as careful legislators and trustees of public resources is to strengthen and enhance the program to ensure that it can achieve its important objectives. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Proposals to Strengthen the Sbic Program written by United States Committee on Sma Business and published by Forgotten Books. This book was released on 2017-12 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Proposals to Strengthen the Sbic Program: Hearing Before the Committee on Small Business, United States Senate, One Hundred Fourth Congress, First Session, December 12, 1995 We believe that the data is compelling as to the utility of the Small Business Investment Company program in providing the fuel for economic growth, employment growth and return to the American taxpayer in the form of local and federal taxes paid We would also like to point out that the firnding obtained from the u.s. Small Business Administration has also yielded an additional million of interest payments to the U S. Sba over the term of our investment period and is being repaid under the original terms of the notes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Sba Small Business Investment Company Program written by Robert Jay Dilger and published by Createspace Independent Pub. This book was released on 2013-01-05 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Small Business Administration's (SBA's) Small Business Investment Company (SBIC) Program is designed to enhance small business access to venture capital by stimulating and supplementing “the flow of private equity capital and long term loan funds which small business concerns need for the sound financing of their business operations and for their growth, expansion, and modernization, and which are not available in adequate supply.” Facilitating the flow of capital to small businesses to stimulate the national economy was, and remains, the SBIC program's primary objective. At the end of FY2012, there were 301 privately owned and managed SBICs licensed by the SBA, providing financing to small businesses with private capital the SBIC has raised (regulatory capital) and funds the SBIC borrows at favorable rates (leverage) because the SBA guarantees the debenture (loan obligation). SBICs pursue investments in a broad range of industries, geographic areas, and stages of investment. Some SBICs specialize in a particular field or industry, while others invest more generally. Most SBICs concentrate on a particular stage of investment (i.e., startup, expansion, or turnaround) and geographic area. The SBA is authorized to provide up to $3 billion in leverage to SBICs annually. The SBIC program has invested or committed about $18.2 billion in small businesses, with the SBA's share of capital at risk about $8.8 billion. In FY2012, the SBA committed to guarantee $1.9 billion in SBIC small business investments, and SBICs provided another $1.3 billion in investments from private capital, for a total of more than $3.2 billion in financing for 1,094 small businesses. Some Members of Congress, the Obama Administration, and small business advocates argue that the program should be expanded as a means to stimulate economic activity, create jobs, and assist in the national economic recovery. Others worry that an expanded SBIC program could result in loses and increase the federal deficit. In their view, the best means to assist small business, promote economic growth, and create jobs is to reduce business taxes and exercise federal fiscal restraint. Some Members have also proposed that the program target additional assistance to startup and early stage small businesses, which are generally viewed as relatively risky investments but also as having a relatively high potential for job creation. In an effort to target additional assistance to newer businesses, the SBA has established, as part of the Obama Administration's Startup America Initiative, a $1 billion early stage debenture SBIC initiative (up to $150 million in leverage in FY2012, and up to $200 million in leverage per fiscal year thereafter until the limit is reached). Early stage debenture SBICs are required to invest at least 50% of their investments in early stage small businesses, defined as small businesses that have never achieved positive cash flow from operations in any fiscal year. This publication describes the SBIC program's structure and operations, including two recent SBA initiatives, one targeting early stage small businesses and one targeting underserved markets. It also examines several legislative proposals to increase the leverage available to SBICs and to increase the SBIC program's authorization amount to $4 billion.

Download or read book Legislative Proposals to Enhance Capital Formation Serial No 113 74 April 9 2014 113 2 Hrg written by and published by . This book was released on 2014 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Sba Small Business Investment Company Program written by Congressional Research Service and published by CreateSpace. This book was released on 2014-10-23 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Small Business Administration's (SBA's) Small Business Investment Company (SBIC) program is designed to enhance small business access to venture capital by stimulating and supplementing “the flow of private equity capital and long-term loan funds which small-business concerns need for the sound financing of their business operations and for their growth, expansion, and modernization, and which are not available in adequate supply.” Facilitating the flow of capital to small businesses to stimulate the national economy was, and remains, the SBIC program's primary objective. As of September 30, 2014, there were 294 privately owned and managed SBA-licensed SBICs providing small businesses private capital the SBIC has raised (called regulatory capital) and funds the SBIC borrows at favorable rates (called leverage) because the SBA guarantees the debenture (loan obligation). SBICs pursue investments in a broad range of industries, geographic areas, and stages of investment. Some SBICs specialize in a particular field or industry, and others invest more generally. Most SBICs concentrate on a particular stage of investment (i.e., startup, expansion, or turnaround) and geographic area. The SBIC program has invested or committed about $22.5 billion in small businesses, with the SBA's share of capital at risk about $10.7 billion. In FY2014, the SBA committed to guarantee $2.55 billion in SBIC small business investments. SBICs invested another $2.92 billion from private capital for a total of almost $5.5 billion in financing for 1,085 small businesses. P.L. 113- 76, the Consolidated Appropriations Act, 2014, increased the annual amount of leverage the SBA is authorized to provide to SBICs to $4 billion from $3 billion. Some Members of Congress and the Obama Administration have argued that the program should be expanded as a means to stimulate economic activity, create jobs, and assist in the national economic recovery. For example, in addition to P.L. 113-76's increase of the SBIC program's annual authorization amount to $4 billion from $3 billion, S. 511, the Expanding Access to Capital for Entrepreneurial Leaders Act (EXCEL Act) and S. 1285, the Small Business Innovation Act of 2013, would increase the program's family of funds limit (the amount of outstanding leverage allowed for two or more SBIC licenses under common control) to $350 million from $225 million. Others worry that an expanded SBIC program could result in loses and increase the federal deficit. In their view, the best means to assist small business, promote economic growth, and create jobs is to reduce business taxes and exercise federal fiscal restraint. Some Members have also proposed that the program target additional assistance to startup and early stage small businesses, which are generally viewed as relatively risky investments but also as having a relatively high potential for job creation. For example, during the 113th Congress, H.R. 30, the Small Business Investment Enhancement and Tax Relief Act, and S. 1285 would authorize the Administration to establish a separate SBIC program for early stage small businesses. Also, as part of the Obama Administration's Startup America Initiative, the SBA established a five-year, $1 billion early stage debenture SBIC initiative in 2012. Early stage debenture SBICs are required to invest at least 50% of their investments in early stage small businesses, defined as small businesses that have never achieved positive cash flow from operations in any fiscal year. This report describes the SBIC program's structure and operations and examines legislative proposals to expand the program by increasing the leverage available to SBICs and increasing the SBIC program's authorization amount to $4 billion annually.

Download or read book Proposed Reforms of the Small Business Investment Company Program written by United States; Congress; House; Committee on Small Business and published by Forgotten Books. This book was released on 2015-06-25 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Proposed Reforms of the Small Business Investment Company Program: Hearing Before the Committee on Small Business, House of Representatives, One Hundred Fourth Congress, Second Session, Washington, DC, June 6, 1996 The Committee met, pursuant to notice, at 10 a.m. in room 2359, Rayburn House Office Building, Hon. Jan Meyers, (chair of the Committee) presiding. Chair Meyers. Good morning. The Committee will come to order. Today the Committee on Small Business meets to discuss proposed reforms of the Small Business Administration's Small Business Investment Company Program. Recently our colleagues in the Senate marked up a bill that makes a number of substantive and necessary changes to the SBIC Program. We will be discussing this legislation along with other proposals in the course of this hearing. In previous hearings, this Committee has heard disturbing testimony regarding the status of the SBIC Program. To the SBA's credit, some of these problems have been remedied, as reflected by the quality of new applicants that are being attracted to the program. Also, we were pleased to hear of the return on the SBA's participating security investment through health care, with other distributions expected shortly. This is heartening, but we should not get carried away. That represents a $260,000 return and repayment of principal, but there are still $300 million of participating securities outstanding. This program has a long way yet to go and I hope to move it to an era of stability and prosperity. With that in mind, I must applaud some of the Senate's efforts. The most important reform in the Senate's bill is an increase in the capital requirements of the program to a minimum of $5 million of private capital. That change reflects the current regulatory atmosphere at the SBA, and I believe that's a valuable move toward increasing the stability of this program. The Senate also increases the funding fees on SBIC's growing new membership. This will improve the substantive rate of the program, though the administration has requested a larger increase to increase payment. While I'm sympathetic to the SBA's position, I want to be sure that we won't be dealing with the serious problem facing the subsidy rates for the 7(a) and 504 Programs where we charge rates and fees that seem to lower the subsidy rate and then suddenly we got hit with a much higher subsidy rate. The last thing we want is to be caught short by an OMB reestimation for fiscal year 1998. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Hearing to Receive the Holloway Werner Report on SBA s Small Business Investment Company Program written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 1992 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Federal Register written by and published by . This book was released on 2012-04 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Administration s Small and Minority Enterprise Development Programs written by United States. Congress. House. Committee on Small Business. Subcommittee on SBA and SBIC Authority, Minority Enterprise, and General Small Business Problems and published by . This book was released on 1982 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Small Business Investment Company Reform Legislation written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 1996 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book SBA s Legislative Proposal written by United States. Congress. House. Committee on Small Business and published by . This book was released on 1995 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hearings Reports and Prints of the Senate Select Committee on Small Business written by United States. Congress. Senate. Select Committee on Small Business and published by . This book was released on 1978 with total page 1096 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book S 1726 Small Business Economic Policy and Advocacy Reorganization Act of 1977 written by United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Government Regulation and Small Business Advocacy and published by . This book was released on 1977 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Proposed Reforms of the Small Business Investment Company Program written by United States. Congress. House. Committee on Small Business and published by . This book was released on 1996 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributed to some depository libraries in microfiche.

Download or read book Small Business Disaster Loans 1972 written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Small Business and published by . This book was released on 1972 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: