Can potential investors provide additional capital for the purpose of meeting an NMVCC applicants or an SSBIC applicants required match for operational assistance grants?
SBA’s regulations provide that a portion of private capital may be designated as matching resources if such funds are used to purchase an annuity or are otherwise segregated in a manner acceptable to SBA. Investors should be made aware that monies designated for operational assistance will not be invested in small businesses for a return.
Related Questions
- May an NMVCC applicant or an SSBIC applicant raise more or less regulatory capital and/or grant matching resources than originally requested in its application?
- WHAT IS THE POTENTIAL OF HAVING TO COME UP WITH ADDITIONAL CAPITAL IF THERE ARE TOO MANY AAIRRG CLAIMS IN ONE YEAR?
- Why do I have to attend a 2 hour applicant meeting and take additional internet training modules?
