SBIA expresses support for House rural capital bill
Rural Capital Access Act would create funding opportunities for rural small businesses
WASHINGTON, D.C. (October 14, 2021) – The Small Business Investor Alliance (SBIA) is pleased to support the bipartisan legislation introduced by U.S. Reps. David Joyce (R-OH) and Jared Golden (D-ME). The “Rural Capital Access Act (H.R. 5521)” aims to increase private investment in rural small businesses. The bill is companion legislation to a Senate bill introduced in March.
“In rural areas where small businesses play a particularly vital role in job creation, it is critical to address the rural-urban gap in access to growth capital,” said SBIA President Brett Palmer. “Rural businesses need patient, more flexible capital to help them grow and support their communities. We applaud Rep. Joyce and Rep. Golden for their leadership on this issue and for drafting a bill that will facilitate more investment in rural small businesses.”
About the Small Business Investor Alliance (SBIA)
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit www.SBIA.org or call (202) 628-5055.