‘‘(A) The likelihood that the company will 
meet the goal of its business plan. 
‘‘(B) The experience and background of 
the company’s management team. 
‘‘(C) The need for venture capital invest-
ments in the geographic areas in which the 
company intends to invest. 
‘‘(D) The extent to which the company will 
concentrate its activities on serving the geo-
graphic areas in which it intends to invest. 
‘‘(E) The likelihood that the company will 
be able to satisfy the conditions under sub-
section (d). 
‘‘(F) The extent to which the activities 
proposed by the company will expand economic 
opportunities in the geographic areas in which 
the company intends to invest. 
‘‘(G) The strength of the company’s pro-
posal to provide operational assistance under 
this part as the proposal relates to the ability 
of the applicant to meet applicable cash require-
ments and properly utilize in-kind contribu-
tions, including the use of resources for the 
services of licensed professionals, when nec-
essary, whether provided by persons on the 
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company’s staff or by persons outside of the 
company. 
‘‘(H) Any other factors deemed appro-
priate by the Administrator. 
‘‘(3) NATIONWIDE DISTRIBUTION.—The Admin-
istrator shall select companies under paragraph (1) 
in such a way that promotes investment nationwide. 
‘‘(d) REQUIREMENTS TO BE MET FOR FINAL AP-
PROVAL.—The Administrator shall grant each condi-
tionally approved company a period of time, not to exceed 
2 years, to satisfy the following requirements: 
‘‘(1) CAPITAL
REQUIREMENT.—Each condi-
tionally approved company shall raise not less than 
$5,000,000 of private capital or binding capital com-
mitments from one or more investors (other than 
agencies or departments of the Federal Government) 
who met criteria established by the Administrator. 
‘‘(2) NONADMINISTRATION
RESOURCES
FOR 
OPERATIONAL ASSISTANCE.— 
‘‘(A) IN
GENERAL.—In order to provide 
operational assistance to smaller enterprises ex-
pected to be financed by the company, each 
conditionally approved company— 
‘‘(i) shall have binding commitments 
(for contribution in cash or in kind)— 
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‘‘(I) from any sources other than 
the Small Business Administration 
that meet criteria established by the 
Administrator; 
‘‘(II) payable or available over a 
multiyear period acceptable to the Ad-
ministrator (not to exceed 10 years); 
and 
‘‘(III) in an amount not less than 
30 percent of the total amount of cap-
ital and commitments raised under 
paragraph (1); 
‘‘(ii) shall have purchased an annu-
ity— 
‘‘(I) from an insurance company 
acceptable to the Administrator; 
‘‘(II) using funds (other than the 
funds raised under paragraph (1)), 
from any source other than the Ad-
ministrator; and 
‘‘(III) that yields cash payments 
over a multiyear period acceptable to 
the Administrator (not to exceed 10 
years) in an amount not less than 30 
percent of the total amount of capital 
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