The Securities and Exchange Commission is stepping in to help out business development companies that have been battered by the recent economic turmoil.

Business development companies, or BDCs, typically raise money from public stock investors that they then lend to small, often private, U.S. companies. Shoring up the finances of small and medium-size businesses has become a central part of the U.S. government’s strategy to reduce the impact of the coronavirus pandemic on the economy.



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