Growth capital program provides $1.59 billion in financing for small businesses in FY 2010.
Financing under the U.S. Small Business Administration’s growth capital program increased 23 percent in fiscal year 2010, providing a record $1.59 billion to help small businesses, according to the SBA. The fiscal year 2010 volume is the highest single-year volume in the 50-year history of the Small Business Investment Company (SBIC) debenture program.
“At a time when access to capital was tight, including from the traditional sources for growth capital, SBA helped fill some of that gap with a record amount of financing through our SBIC program,” said SBA Administrator Karen Mills.
The Growth Keys is a membership site designed to give you the tools to get started.
