________ were authorized in 1958 to marry private capital and government funds for investment in small companies.

Question

Quizplus · Accepted Answer

Small business investment companies (SBICs) were authorized under the Small Business Investment Act of 1958 to facilitate the flow of long-term capital to small businesses. They are privately owned and managed investment firms that are licensed and regulated by the Small Business Administration (SBA). They use a combination of private capital and funds borrowed at favorable rates from the government to provide financing to small businesses.

________ Were Authorized in 1958 to Marry Private Capital and Government