Ch. 5-5 The Small Business Administration

Venture capital

money that is invested in small (and sometimes struggling) firms that have the potential to become very successful.

small-business investment companies (SBICs)

privately owned firms that provide venture capital to small enterprises that meet their investment standards.

Service Corps of Retired Executives (SCORE)

a group of businesspeople who volunteer their services to small businesses through the SBA.

Small Business Administration (SBA)

governmental agency that assists, counsels, and protects the interests of small businesses in the United States.

Small-business institutes (SBIs)

groups of senior and graduate students in business administration who provide management counseling to small businesses.

Small-business development centers (SBDCs)

university-based groups that provide individual counseling and practical training to owners of small businesses.