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LSDefine

Simple English definitions for legal terms

small-business investment company

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A quick definition of small-business investment company:

A small-business investment company is a type of corporation that helps small businesses by providing them with long-term equity capital. This is done under the Small Business Investment Act and is regulated by the Small Business Administration. It is often abbreviated as SBIC.

A more thorough explanation:

A Small-Business Investment Company (SBIC) is a type of corporation that is established under state law to provide long-term equity capital to small businesses. This is done in accordance with the Small Business Investment Act and is regulated by the Small Business Administration.

For example, let's say a small business needs funding to expand its operations. The business can approach an SBIC for long-term equity capital. The SBIC will then invest in the business in exchange for an ownership stake. This allows the small business to access the funding it needs to grow, while the SBIC benefits from any future profits.

Another example is a startup that needs funding to develop a new product. The SBIC can provide the necessary capital to help the startup bring its product to market. In return, the SBIC will receive an ownership stake in the startup.

Overall, SBICs play an important role in providing funding to small businesses that may not have access to traditional sources of financing. By investing in these businesses, SBICs help to stimulate economic growth and create jobs.

Small Business Investment Act | small-estate probate

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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