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 |
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