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Wise Investment

Venture capital to grow by.

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This story appears in the December 1998 issue of Entrepreneur. Subscribe »

No matter how spectacular your business plan is, your start-up efforts can come to an abrupt halt if financial backers don't share your enthusiasm for the venture. To fulfill both the needs of small businesses and the requirements of venture capital companies, Congress created the Small Business Investment Company (SBIC) program in 1958. Licensed and regulated by the SBA, privately owned and operated SBICs use their own capital, along with funds borrowed from the SBA, to provide small businesses with long-term loans and equity investments.

For start-up entrepreneurs, this means plenty of resources, tips and, best of all, opportunities--if you're willing to do some research and preparation. The SBA's Mike Stamler offers the following tips on how to seek SBIC financing:

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