SBICs must invest at least ________ percent of their capital in smaller businesses,which are defined by the SBA as those with a tangible net worth of less than $6 million and an average of $2 million in net income over the previous two years at the time of investment.
A) 75
B) 60
C) 25
D) 50
Correct Answer:
Verified
Q29: SBICs:
A)were chartered by the SBA to help
Q30: A(n)_ is a hybrid between a conventional
Q31: Which of the following businesses would be
Q32: Entrepreneur Wally Wilton wants to build a
Q33: Insurance companies typically make two types of
Q35: A loan from a stockbroker,based on the
Q36: The U.S.Department of Agriculture provides financial assistance
Q37: A popular form of debt financing with
Q38: The most common method of SBIC financing
Q39: Small Business Investment Companies (SBICs):
A)prefer to finance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents