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What year did Congress make the amendment to allow the creation of Business Development Companies (BDCs)? Click to see the answer…

October 5, 2016

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What year did Congress make the amendment to allow the creation of Business Development Companies (BDCs)?

Answer:  In 1980, Congress passed an amendment to the 1940 Investment Company Act to allow business development companies for the purpose of investing and encouraging private businesses in the United States.

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Loreen M. Gilbert, CIMA, AIF, CRC, CLTC – President, WealthWise Financial Services
Blue Vault
July 6, 2016

Our firm has been using Blue Vault from the first year it was available.

We have found it to be a valuable tool to verify what wholesalers tell us and to dig deep into how the reported investments are really performing.

We appreciate that Blue Vault has expanded its services from initially covering REIT's to now also including BDC's.

Our clients also appreciate that we conduct this additional due diligence on their behalf.