BBG 101 Lecture Notes - Lecture 18: Small Business Administration, Microcredit, Angel Investor
2 Nov 2020
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Venture capitalists individuals or companies that invest in new businesses in exchange for partial ownership. When financing isn"t an option: get close to your customers, make clients pay upfront, outsource tasks on the cheap, get in front of customers quickly, become an expert, ask for help, be patient. Cdfis are playing a big role in the economic recovery. First formed in the early 1980s; by 2009, over billion flowed into cdfis from investment companies. Only 1% of loans were not paid back in the last 30 years! Small business administration (sba) a u. s. government agency that advises and assists small businesses by providing management training and financial advice. Sba started a microloan program in 1991 that provides very small loans to small business owners. Program judges worthiness based on the borrowers" integrity and soundness of their business ideas. Small business investment company (sbic) a program through which private investment companies licensed by the sba lend money to small businesses.
