Can You Satisfy CRA Requirements and Still Make Money? Try SBICs

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Have you considered an investment in or creating a Small Business Investment Company? Doing so may provide financial institutions with a number of benefits, including credit toward annual investment requirements under the Community Reinvestment Act.

“The more banks learn about SBICs the more attractive they find them, both for high profit and regulatory relief under the CRA and the Volker Rule” says Brett Palmer, CEO for the Small Business Investor Alliance, a trade association of private equity funds and investors that promotes investment and growth in small and medium-sized businesses in the United States. “There are very few investments that are exclusive in domestic small business, create jobs and are highly profitable.”

Originally Published in Bank News

Please see full Publication below for more information.

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Topics:  Banks, Community Reinvestment Act, Economic Development, Financial Institutions, Financing, Small Business, Small Business Investment Company, Volcker Rule

Published In: General Business Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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