Velda Sue financial definition of Velda Sue
Also found in: Acronyms
Stands for Venture Enhancement and Loan Development Administration for Smaller Undercapitalized Enterprises. A federal agency that buys and pools small business loans made by banks, and then issues securities
that are bought by large institutional investors
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Once fully operational, Velda Sue
would repay the government and would then be self-supporting from funds provided by the private sector.