I've been trudging through the regulations, process for application and assorted documents regarding this program, and it seem we MAY qualify, but the terminology is so onerous, I'm not really sure. Isn't there a way to make this more user friendly, so we can actually determine if it's a good deal for young technology companies like mine? Also, do I understand it correctly that we have to pay a $25,000 fee to apply? Seriously? Most of us don't have $25,000 which is why we're applying for a loan in the first place. On that note, can you explain in layman's terms exactly what the payment terms are, such as if I was applying for $1M in funding? I think you guys forget that many small technical businesses are started by technicians, not lawyers and bankers. Your terminology is extremely hard to decipher. Thanks.
Comment on FR Doc # 2011-31658
This is comment on Proposed Rule
Small Business Investment Companies: Early Stage SBICs
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