Forbes Insights, in association with CIT, recently published the report “U.S. Small Business and Middle Market Outlook 2010”.
SBICs are privately owned and managed investment funds, licensed and regulated by SBA, that use their own capital plus funds borrowed with an SBA guarantee to make equity and debt investments in qualifying small businesses.
The 7(a) Loan Program is SBA’s primary program for helping start-up and existing small businesses to secure up to $2 million of bank financing.
The SBA 504 Loan program is designed to provide small businesses with low-cost debt financing of up to $1.3 million for the purchase of property, plant and equipment.