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Caribbean Business
With the purpose of achieving a sound financial environment in Puerto Rico, Grupo Guayacán Inc. (GGI) is establishing the first local Small Business Investment Company (SBIC), which will allow small businesses to have more access to capital throughout the various stages of their development.
A SBIC is a privately owned investment company licensed by the Small Business Administration (SBA). SBICs supply small businesses with both equity and debt financing, as well as viable alternative for venture-capital firms providing startup capital for small enterprises.
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