Private Equities
SBA

SBA SBIC Program

Notable

SBA-licensed funds using government-backed leverage.

SBIC & Government-BackedProgramUnited States
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Target market
Smaller U.S. companies & lower-middle market
Geography
United States

Overview

The Small Business Investment Company (SBIC) program is run by the U.S. Small Business Administration to license and provide government-guaranteed leverage to privately managed investment funds. Licensed SBICs use that leverage to make debt and equity investments in eligible smaller U.S. companies.

Key facts

  • Administered by the U.S. Small Business Administration
  • Licenses privately managed funds to access leverage
  • Provides government-guaranteed debenture leverage
  • Cornerstone source for the lower-middle market

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