SBA Needs Investors For Its New Early Stage Capital Program

Social networks may start out in basements or dorm rooms, but it takes millions of dollars to get them out. Today the Small Business Administration (SBA) has announced a Small Business Investment Company capital investment program to help startups get seed funding from venture capital firms.

Early stage investment fund managers can now apply for SBA-guaranteed funding to match their privately raised capital up to $50 million.

In return, investors must put at least 50 percent of the money toward early stage small businesses.

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