SBA venture capital program may expand

Looking for venture capital? The Small Business Administration may soon have more money to put to work through its Small Business Investment Companies program.

Two key senators introduced legislation that would increase the amount of debt that the SBA could guarantee for SBICs from $3 billion to $4 billion. The bill is sponsored by Sen. Mary Landrieu, D-La., who chairs the Senate Small Business & Entrepreneurship Committee, and Sen. Olympia Snowe of Maine, the committee’s ranking Republican. President Barack Obama has called for this expansion of the SBIC program.

Kent Hoover

Full Story: http://www.bizjournals.com/bizjournals/washingtonbureau/2012/03/09/sba-venture-capital-program-may-expand.html

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Montana SBIC’s:

Glacier Venture Fund Limited Partnership

Jon Marchi, Contact

40979 Valley View Road

Polson, MT 59860

Phone: (406)883-5470 Fax: (406)883-5677

Email: [email protected]

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All SBIC’s by state: http://www.sba.gov/content/all-sbic-licensees-state