Comment on FR Doc # 2011-31658

Document ID: SBA-2011-0023-0006
Document Type: Public Submission
Agency: Small Business Administration
Received Date: January 21 2012, at 12:00 AM Eastern Standard Time
Date Posted: January 24 2012, at 12:00 AM Eastern Standard Time
Comment Start Date: December 9 2011, at 12:00 AM Eastern Standard Time
Comment Due Date: February 7 2012, at 11:59 PM Eastern Standard Time
Tracking Number: 80f9f494
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My comment is prompted by a college assignment in my Administrative Law class with Globe Education Network. I’ve been asked to make a comment on a proposed rule. I chose this proposed rule as I am a student who will eventually need to find a paralegal job. It is important for small businesses to have access to capital in order to grow their businesses which in turn will provide jobs to future high school and college graduates. It appears from the proposed rule that the SBA is going to provide capital to those businesses that do not have the necessary assets or cash flow for traditional bank funding and fill in the cracks with venture capital dollars for businesses residing in states other than California, Massachusetts and New York where most of the capital venture dollars are invested.

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