CVF to co-host a networking event on August 15th in Boise to educate the Idaho community on the benefits of the SBIC program
The Small Business Investment Company (SBIC) program, part of the U.S. Small Business Administration (SBA), was created in 1958 to fill the gap between the availability of capital and the needs of small businesses in start-up and growth situations. An SBIC is a privately owned and managed investment fund that’s licensed and regulated by the SBA. An SBIC uses its own capital, plus funds borrowed with an SBA guarantee, to make equity and debt investments in qualifying small businesses. For additional information about the SBIC program, please visit sba.gov or check out the Executive Summary.
Idaho does not currently have an SBIC fund, and we are interested in discussing the SBIC opportunity with the investment community in Boise. The top three reasons to consider forming an SBIC in Idaho include: increased capital available for investors, high returns available to partners in the fund, and benefits to the local and state economy when investments are made.
The luncheon will include an informational SBIC presentation from our President, Brett Palmer, and a Q&A panel of SBIC investors. There is no fee to attend, but advance registration is required by August 13, 2019.
To register, please click here.
Organized and hosted by the Small Business Investor Alliance, the premier organization of lower middle market private equity funds and investors.