SBIC Program

In 1958, Congress created the Small Business Investment Company (SBIC) program to facilitate the flow of long-term capital to America’s small businesses. SBA does not provide capital directly to businesses. Instead, SBA partners with private investors to capitalize professionally-managed investment funds (known as "SBICs") that finance small businesses.

  • General Information

    Learn more about the SBIC program, locate key documents, and find out about key initiatives and upcoming events.

  • Applying to be an SBIC

    The SBIC Program application process is comprised of two distinct phases of review, each of which follows industry best practice in assessing the qualifications of SBIC applicants. Before...

  • Operating an SBIC

    Understand the key processes for licensed SBICs, including capitalization, financings, reporting, examinations, wind-up, and other important topics.

  • Investing in an SBIC

    The success of the SBIC Program depends on the participation of private investors. In this section, limited partners and other investors can learn more about the program, its risks and benefits.

  • SBIC Resource Library

    Find SBIC statute, regulations, forms, and other guidance on the SBIC program.

  • Funding the SBIC Program

    Learn how the SBIC Program is funded, what financing instruments are available to SBICs and the current cost of SBA-guaranteed debt.

  • Financing your Small Business

    SBA does not provide financing directly to small businesses, but this section contains information that may be helpful for companies seeking capital.