SBA to Launch Two $1 Billion Initiatives for Impact Investing and Early-Stage Seed Financing:

The Small Business Administration (SBA) will commit $2 billion as a match to private sector investment over the next five years in promising high-growth companies.

-$1 Billion Impact Investment Fund: SBA will commit $1 billion to those funds that invest growth capital in companies located in underserved communities.

-$1 Billion Early-Stage Innovation Fund: Early-stage companies face difficult challenges accessing capital, particularly those without the necessary assets or cash flow for traditional bank funding.

http://www.whitehouse.gov/startup-america-fact-sheet

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