Small Business Investment Act Of 1958

SBA PPP loans are generally only available to businesses with fewer than 500 employees.

Small business investment act of 1958. In calculating the number of employees to meet this employee limit a business must include the employees of any companies that it is affiliated with under the US. Public Law 85-699 85th Congress S. This Act divided into titles and sections according to the following table of contents may be cited as the Small Business Investment Act of 1958.

The Small Business Act Amendments of 1958 PubL. The SBIC programs primary objective is to improve and stimulate the national economy in general and the small-business segment thereof in particular. It was enacted in 1958 and is codified in 15 USCS prec 661.

The Small Business Investment Act Act is a federal legislation providing regulations for the formation of investment companies. The 1958 acts goal was to help provide funds and capital investment to small businesses so that they could better compete with larger companies. 384 enacted July 18 1958 withdrew Title II as part of that act and made it a separate act to be known as the Small Business Act.

To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958 through April 2 2004. Based on the information from this study Congress passed the Small Business Investment Company Act of 1958. Small Business Administration s the US.

Small Business Investment Act of 1958. Its function was and is to aid counsel assist and protect insofar as is possible the interests of small business concerns. Affiliate or Affiliates has the meaning set forth in 121103 of this chapter.

An Act to temporarily extend the programs under the Small Business Act and the Small Business Investment Act of 1958 through March 15 2004 and for other purposes. The Act also provides license to supply long-term equity capital to small businesses. 682 b as amended by Title II of the Small Business Act Amendments of 1967 Pub.