What is an SBIC? How important is it as a source of small business capital? How does it operate?

What will be an ideal response?

Answer: Created by the 1958 Small Business Investment Act, small business investment companies (SBICs) are privately owned financial institutions that are licensed and regulated by the SBA. The SBICs operating across the United States use a combination of private capital and federally guaranteed debt to provide long-term venture capital to small businesses. In other words, SBICs operate like any other venture capital firm, but, unlike traditional venture capital firms, they use private capital and borrowed government funds to provide both debt and equity financing to small businesses.
An SBICs must be capitalized privately with a minimum of $5 million to $10 million, at which point it qualifies for up to four dollars in long-term SBA loans for every dollar of private capital invested in small businesses. As a general rule, an SBICs may provide financial assistance only to small businesses with a net worth of less than $18 million and average after-tax earnings of $6 million during their past two years.

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A) using the new-market segment strategy to attract new customers B) improving the current level of product performance C) advertising new and different applications of the brand D) protecting its market share E) using the market-penetration strategy to attract new customers

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Actual cause is a factual matter of whether the defendant's conduct resulted in the plaintiff's injury

Indicate whether the statement is true or false

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