/PRNewswire/ Patriot Capital, a multi-strategy middle market investment firm, announced today that the firm has become a signatory to the UN s Principles.
U.S. Sen. Ben Cardin, D-Md., chairs a hearing on small business investment equity on Wednesday afternoon (Screenshot)
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U.S. Sen. Ben Cardin, D-Md., Wednesday emphasized the need to ensure that money from a federal program that provides financing to promising small businesses is more equitably distributed to entrepreneurs in underserved communities throughout the nation.
The Small Business Investment Company Program (SBIC) has provided more than $100 billion to tens of thousands of small businesses since its creation by Congress in 1958. Apple, FedEx and Build-a Bear are included among the now-large companies that once received SBIC financing. The program is administered by the U.S. Small Business Administration (SBA).