House legislation seeks to provide greater access to capital for entrepreneurs by expanding the amount available to small business investments through the SBA’s Small Business Investment Company program
Our economy is on the upswing and reports show that business lending is on the rise, but many don’t realize that small businesses are still being left in the dust when it comes to gaining critical access to credit. In fact, recent research shows that while lending for big businesses reached record levels last year, small business lending hasn’t caught up with pre-recession levels. Our polling shows access to capital remains a persistent problem for entrepreneurs, particularly since the recession. And, while it has eased in some parts of the small business community, there are significant gaps that remain in critical areas, particularly in minority and rural communities and for women and veterans. House legislators recently introduced the Small Business Investment Company (SBIC) Capital Act of 2015 (H.R.1023), which can help address this problem by expanding the amount of capital available through small business investments.