SBA beefs up funding for small-business investment program

The U.S. Small Business Administration intends to dedicate an additional $1 billion on an annual basis to a program that provides money for private funds to invest in small firms. The Small Business Investment Company program, which will now have a $4 billion commitment from the SBA, will be able to use the additional money to support more funds or increase the amount that particular funds receive, according to SBA's Javier Saade.

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