Paper Abstract
An 11 page paper discussing types of financing available to small business, the types of business activities most likely to win financing, which industries are more likely to gain financing through debt rather than through equity or collateral approaches, and the types of organizations funding small business. The paper discusses the role of the Small Business Investment Company (SBIC) and the differences in funding activities typical between bank-owned SBICs and those owned by other types of entities. Other funding sources also are discussed, including the Small Business Administration (SBA), private venture capital, non-SBIC bank loans, and even a co-op of capital resources among small businesses. Each source can carry specific management requirements; the small business needs to assess the value of the types of funding it can acquire relative to the level of autonomy management is willing to sacrifice according to the terms of the funding source chosen. The paper includes two tables and a letter of transmittal. Bibliography lists 14 sources.
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