59.011: Small Business Investment Companies
Alternate Name: SBIC
Overview
Program Number
59.011
Status
Active
Last Modified
Aug. 1, 2022
Date Posted
Aug. 1, 2022
Objective
To establish privately owned and managed Small Business Investment Companies (SBICs), which are licensed and regulated by the U.S. Small Business Administration (SBA), and to issue debt to licensed SBICs that may provide private equity capital and long term loan funds to small businesses and provide advisory services to small businesses in which they invest.
Type of Assistance
F - Guaranteed/Insured Loans
Applicant Eligibility
Any chartered small business investment company having private capital of not less than $5 million, having qualified management, giving evidence of sound operation, and establishing the need for SBIC financing in the geographic area in which the applicant proposes to operate. For more information, please go to: https://www.sba.gov/partners/sbics/apply-be-sbic#section-header-4.
Beneficiary Eligibility
Individual businesses (single proprietorship, partnership or corporation) which satisfy the established criteria of a small business. For more information, please go to: https://www.sba.gov/partners/sbics/apply-be-sbic#section-header-6.
Related Programs
Additional Information
Grant Awards
Small Business Investment Companies direct grants
Grant Opportunities