Evaluation criteria.

CFR · 2024-01-01 · US · Title 7

Of those Applicants whose management team is considered qualified for venture capital investing and who have submitted an eligible and complete application, the Administrator of RBS and the Administrator on behalf of SBA, in their sole discretion, will evaluate and select an Applicant for participation in the RBIC program by considering the following criteria: (a) Whether the Applicant's management team has the knowledge, experience, and capability necessary to manage a sound, economically viable RBIC and to comply with the Act; (b) The quality of the Applicant's comprehensive business plan in terms of meeting the objectives of the RBIC program; (c) The likelihood that the Applicant will achieve the goals described in its comprehensive business plan; (d) The strength and likelihood for success of the Applicant's operations and investment strategies, including whether the Applicant has projected adequate profitability and financial soundness; (e) Whether the Applicant will be able to operate soundly and profitably over the long term; (f) Whether the Applicant will be able to operate actively in its identified Rural Areas in accordance with its business plan; (g) The need for Developmental Capital investments in the Rural Areas in which the Applicant intends to invest; (h) The extent to which the Applicant will concentrate its activities on serving Smaller Enterprises located in the Rural Area in which it intends to invest, including the ratio of resources that it proposes to i

official document · source cfr-2024 · id 7:§ 4290.370