Program Statistics & Administrative Performance
Table of Contents
This section contains a statistical overview of the SBIC program and the administrative performance of the SBA's Investment Division over the past five fiscal years.
Portfolio Composition:
- Number of Licensees at FYE 2011
- Capital Commitments at FYE 2011 (SBA & Private)
- Distribution of Debenture Financings (By Industry, Instrument & Geography)
- Debenture Program - Small Business Financings & SBA Commitments
Administrative Performance
- MAQ Processing Times
- Licensing Processing Times
- Operations Turnaround Times
- Success Rates for 1st Time Applicants
Portfolio Composition
Number of Licensees at FYE 2011:
FY 2007 | FY 2008 | FY 2009 | FY 2010 | FY 2011 | |
---|---|---|---|---|---|
Total | 369 | 348 | 315 | 307 | 299 |
Debenture | 132 | 129 | 126 | 140 | 143 |
Participating Securities | 164 | 149 | 127 | 107 | 97 |
Other | 73 | 70 | 62 | 60 | 59 |
Capital Commitments at FYE 2011 (SBA & Private):
Fiscal Year | Debenture Funds ($ billions) | Participating Securities Funds ($ billions) |
---|---|---|
2007 | $6.05 | $11.22 |
2008 | $6.87 | $8.79 |
2009 | $7.55 | $7.39 |
2010 | $9.07 | $5.73 |
2011 | $11.07 | $4.52 |
Distribution of Debenture SBIC Financings:
By Instrument | FY 2007 through FY 2011 |
---|---|
Debt | 45% |
Debt with Equity | 43% |
Equity | 12% |
By Industry | FY 2007 through FY 2011 ($ millions) |
---|---|
Manufacturing | $1,585 |
Consumer Related | $1,359 |
Transportation | $1,154 |
Business Services | $1,134 |
Communications | $739 |
Computers | $605 |
Medical/Health | $565 |
Biotechnology | $201 |
Construction | $193 |
Financial Services | $150 |
Industrial/Energy | $113 |
All Others | $317 |
By Geography (Census Regions) | FY 2007 through FY 2011 |
---|---|
Middle Atlantic | 22% |
South Atlantic | 17% |
Pacific | 14% |
West South Central | 11% |
East North Central | 11% |
New England | 9% |
Mountain | 7% |
West North Central | 5% |
East South Central | 3% |
Debenture Program - Small Business Financings & SBA Commitments:
Fiscal Year | SBA Commitments to Debenture Funds ($ billions) |
---|---|
Average FY 2006 through FY 2009 | $0.75 |
FY 2010 | $1.2 |
FY 2011 | $1.8 |
Fiscal Year | Financings to Small Businesses ($ billions) |
---|---|
Average FY 2006 through FY 2009 | $1.3 |
FY 2010 | $1.6 |
FY 2011 | $2.6 |
Administrative Performance:
1st Applicant MAQ Processing Times:
Fiscal Year | MAQs Processed | Average Processing Time (months) |
2009 | 29 | 2.7 |
2010 | 44 | 3.5 |
2011 | 58 | 3.5 |
Licensing Processing Times:
Fiscal Year | Processing Time < 6 mo. | Processing Time > 6 mo. |
---|---|---|
2010 | 35% | 65% |
2011 | 50% | 50% |
Operations Turnaround Times:
Activity | Year | Number Processed | % Beating Target Time |
---|---|---|---|
Commitments | 2010 | 55 | 55% |
2011 | 65 | 60% | |
Conflicts | 2010 | 35 | 87% |
2011 | 54 | 77% | |
Subsequent Funds | 2010 | 55 | 40% |
2011 | 65 | 100% |
Success Rate for 1st Time Applicants:
Fiscal Year | No. of MAQs Received | % Awarded Green Light | % Awarded License |
---|---|---|---|
2007 | 9 | 67% | 22% |
2008 | 19 | 58% | 5% |
2009 | 29 | 59% | 10% |
2010 | 51 | 51% | 20% |
2011 | 52 | 50% | N/A |
SBIC Spotlight:
no