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Small Business Investment Company (SBIC) Program
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Program
web site |
http://www.sba.gov/aboutsba/sbaprograms/inv/forsbi
capp/index.html
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| Sponsor |
Small Business Investment Company |
| Deadlines |
Applications accepted on an ongoing basis |
| Purpose |
The SBIC Program is one of many financial assistance programs available through the U.S. Small Business Administration. The structure of the program is unique in that SBICs are privately owned and managed investment funds, licensed and regulated by SBA, that use their own capital plus funds borrowed with an SBA guarantee to make equity and debt investments in qualifying small businesses. The U.S. Small Business Administration does not invest directly into small business through the SBIC Program, but provides funding to qualified investment management firms with expertise in certain sectors or industries. |
| Eligibility |
An SBIC can be organized in any state, as either a corporation, limited partnership (LP), or a limited liability company (LLCs must be organized under Delaware law). Most SBICs are owned by relatively small groups of local investors, although many are owned by commercial banks. |
Geographic
coverage |
Nationwide |
Amount of
funding |
Amount varies. |
Application
process |
Please see the program web site for application details. |
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For more information contact:
If you have any questions regarding the SBIC Program or the process for obtaining a license, contact them at sbic@sba.gov. Summaries of funding programs are provided by RAC for your convenience. Please contact the funder directly for the most complete and current information. |
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