![]() The Committee also oversees the Small Business Investment Company (SBIC) Program, which provides venture capital financing to small firms. ![]() The microloan program - which proportionally helps more women and minorities than other loan programs - provides loans of $35,000 or less to entrepreneurs. The 504 loan program uses non-profit entities known as Certified Development Companies to provide long-term loans for fixed assets such as land, buildings and equipment. Delivered through private lending institutions with a government-backed guarantee to the lender, the SBA's 7(a) loan program provides the largest source of long-term working capital to small businesses in this country. The Committee oversees the SBA’s lending and investment programs. In order to help small firms secure financing, the Committee works closely with the Small Business Administration (SBA) and the lending community to ensure that small businesses can obtain the financing they need. Obtaining capital can be especially difficult for start-ups and small firms that often lack the years in business or established credit history financial institutions may require prior to lending. ![]() Because access to capital is so critical for small business success, the Committee on Small Business and Entrepreneurship works to ensure that entrepreneurs are able to secure the financing they need. Without adequate financing, through microloans, commercial lending, or investment capital, most entrepreneurs cannot start new businesses or grow their existing companies. Capital is the lifeblood of any businesses, but especially small businesses. ![]()
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