ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBA
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FDA
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SBIC
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FDIC
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Detailed explanation-1: -An SBIC is a privately owned company that’s licensed and regulated by the SBA. SBICs invest in small businesses in the form of debt and equity. The SBA doesn’t invest directly into small businesses, but it does provide funding to qualified SBICs with expertise in certain sectors or industries.
Detailed explanation-2: -Small businesses that in their early stages received SBIC investments and have subsequently grown into icons of American industry include Federal Express, Apple, Intel, Costco, Tesla, Whole Foods, and Callaway Golf.
Detailed explanation-3: -They sometimes require that they play an active role in the management of the company. Private venture capital firms licensed by the Small Business Administration to make equity capital or long-term loans available to small companies.
Detailed explanation-4: -Debenture SBICs. Debenture SBICs, because their interest payment obligations start immediately, generally make loans to companies with reliable and predictable cash flow. Unleveraged SBICs. Unleveraged SBICs do not borrow money from the SBA. Early Stage SBICs. Impact SBICs.