AWARDTYPE: GUARANTEED/INSURED LOANS ACTIVITIES TO BE PERFORMED: LICENSED AND REGULATED SBICS USE THEIR OWN…
Federal financial assistance recorded from USAspending. This is not a procurement contract.
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ASST_NON_3972379110_073 · FIVE POINTS CREDIT SBIC IV, L.P. · Small Business Administration
Compare Multiple AI Models with SmartSoloExplore CaptureIQ IntelligenceAssistance award details
- Assistance award identifier
- ASST_NON_3972379110_073
- FAIN
- 3972379110
- Recipient
- FIVE POINTS CREDIT SBIC IV, L.P.
- Awarding agency
- Small Business Administration
- Funding agency
- Small Business Administration
- Assistance listing (CFDA)
- 59.011
- Total obligated
- $0
- Period
- — – —
- Fiscal year
- 2022
- Place of performance state
- NC
- Source file
- FY2022_All_Assistance_Full_20261006.zip
Description
AWARDTYPE: GUARANTEED/INSURED LOANS ACTIVITIES TO BE PERFORMED: LICENSED AND REGULATED SBICS USE THEIR OWN CAPITAL, PLUS FUNDS BORROWED WITH AN SBA GUARANTEE, TO MAKE EQUITY AND/OR DEBT INVESTMENTS IN ELIGIBLE SMALL BUSINESSES AND PROVIDE ADVISORY SERVICES TO THE SMALL BUSINESSES IN WHICH THEY INVEST. DELIVERABLES: LOANS GUARANTEES IN THE FORM OF LEVERAGE, BASED ON PRIVATE CAPITAL RAISED BY AN SBIC FROM INSTITUTIONAL INVESTORS. EXPECTED OUTCOMES: STIMULATE AND SUPPLEMENT THE FLOW OF PRIVATE EQUITY CAPITAL AND LONG TERM LOAN FUNDS AVAILABLE TO SMALL BUSINESSES FOR THE FINANCING OF BUSINESS OPERATIONS, GROWTH, EXPANSION, AND MODERNIZATION. INTENDED BENEFICIARIES: INDIVIDUAL SMALL BUSINESSES (SINGLE PROPRIETORSHIPS, PARTNERSHIPS OR CORPORATIONS) THAT SATISFY SBIC PROGRAM ELIGIBILITY CRITERIA FOR SBIC INVESTMENT. SUBRECIPIENT ACTIVITIES: IMPROVE AND STIMULATE THE NATIONAL ECONOMY; CREATE/SUSTAIN JOBS.