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ExpectMore.govExpectMore.gov home pageEXPECT FEDERAL PROGRAMS TO PERFORM WELL, AND BETTER EVERY YEAR.
 
Program Assessment

Program

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Small Business Investment Companies Debentures

SBIC Debentures assist privately owned and managed investment funds, licensed and regulated by SBA, to make debt and/or equity investments in qualifying small businesses. This credit program helps stimulate and supplement the flow of private equity capital and long term loans to small business concerns.

Rating

What This Rating Means

PERFORMING
Moderately Effective

In general, a program rated Moderately Effective has set ambitious goals and is well-managed. Moderately Effective programs likely need to improve their efficiency or address other problems in the programs' design or management in order to achieve better results.
  • The program is successful in extending financial assistance to small businesses. In the last two years, SBIC Debentures have made $3.3 billion in financing loans to small businesses looking for expansion, later stage and bridge type financing.
  • The program maintains strong financial management practices and uses financial performance data effectively to analyze trends and assess risk. The program tracks cost effectiveness and utilizes rigorous financial practices with regard to Licensing, Operations, Funding & Administration, and Liquidations. SBA continues to respond to IG reports concerning management and programmatic challenges.

Improvement Plan

About Improvement Plans

We are taking the following actions to improve the performance of the program:

  • The Investment Division is enhancing data collection to ensure timeliness and completeness by using web-based forms. Goal is to improve risk identification and decision-making.

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