About Small Business Development Company
The Small Business Development Company Ltd. (Kisvállalkozás-fejlesztő Pénzügyi Zrt., further on referred to as "KvfP" or the "Company"), has been incorporated on December 20, 2001. The Company's total equity amounts to 4.4 billion HUF (appr. 13.6 million €). The aim of its establishment was the promotion of development and growth of the domestic small and medium-sized enterprises basically in a way that additional capital is allotted to them by increase of their subscribed capital. KvfP is run substantially by budgetary sources, the share of private investment is 7.35 %, equalling to 250 million HUF (appr. 1 million €). Nevertheless, the operation and decision making occurs under commercial approach. When deciding upon any investment, the Company invests its equity. Amount is invested only in the form of equity investment and not as a commercial loan for the target companies. KvfP is a member company of the Hungarian Venture Capital Association ("HVCA"; Magyar Kockázati- és Magántőke Egyesület; MKME).