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The Small Business Investment Company (SBIC) program is a unique public/private partnership that has provided $50.6 billion in financing to more than 102,000 small U.S. companies since the program’s creation in 1958. SBICs are privately organized and managed venture capital firms licensed by the U.S. Small Business Administration (SBA) to make equity capital or long-term loans available to small companies. These small companies often require financing in the critical $250,000 to $5 million range that is generally not available through banks or non-SBIC private equity firms. SBICs fill that gap, supporting thousands of U.S. small businesses each year.
NASBIC– the National Association of Small Business Investment Companies – is the professional association for the SBIC industry and the oldest organization of venture capitalists in the world. For half a century NASBIC has played a pivotal role in building, maintaining, and promoting a strong and profitable SBIC industry to better serve the growth-capital needs of America’s small businesses.
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