Small Business Investment Companies (SBIC) Program Inventory DescriptionSmall Business AdministrationSBA_4c576d9e-8228-11e0-a7e3-d3267a64ea2a78d4c946-cfc5-4b4f-b238-3d1061ea24f8e03f8581-f210-404a-9dfb-f65a80c555e3Small Business Investment Companies (SBIC)Provide long-term loans and equity capital to small businesses.21542014-7fd1-471e-b96b-bb2e77ee190eA multi-billion dollar program founded in 1958, the SBIC Program is one of many financial assistance programs available through the U.S. Small Business Administration. The structure of the program is unique in that SBICs are privately owned and managed investment funds, licensed and regulated by SBA, that use their own capital plus funds borrowed with an SBA guarantee to make equity and debt investments in qualifying small businesses. The U.S. Small Business Administration does not invest directly into small business through the SBIC Program, but provides funding to qualified investment management firms with expertise in certain sectors or industries. The SBIC program provides long-term loans and equity capital to small businesses, especially those with potential for substantial job growth and economic impact. In an effort to expand the reach ofthe program and make capital more accessible for more small businesses, the Agency has introduced two initiatives, the Impact Investment Initiative and the Early Stage Innovation Initiative. To connect with startups in clean energy and other sectors, the SBA launched the Entrepreneurial Mentor Corps program in partnership with the Department of Energy and Department of Labor.Department of EnergyPerformerDepartment of LaborPerformerPrivate Investment FundsSmall Business Investmentmake equity and debt investments in qualifying small businesses. PerformerBeneficiaryBusinesses & JobsGrow businesses and create jobs42e274b8-285d-4f13-b684-423a773802731This program supports strategic Goal 1 - Growing businesses and creating jobsBeneficiary69e922d0-041b-4e31-8cd1-3fe15ada5e6c_9829b822-309c-11e0-b4f3-493b7a64ea2aSupportsObjective 5 - Strengthen SBA's relevance to high-growth entrepreneurs and small businesses to more effectively drive innovation and job creation through both the Agency’s existing programs as well as new initiatives.TBD69c3c6db-7bce-47c8-9f43-c44a4df07c3fOutreachStrength_9829c4b6-309c-11e0-b4f3-493b7a64ea2aSupportsObjective 6 - Strengthen outreach to underserved communities and underserved populationsTBDSmall Business NeedsMeet the needs of today's and tomorrow's small businesses_4c57b2c2-8228-11e0-a7e3-d3267a64ea2a2This program supports strategic Goal 2 - Building an SBA that meets needs of today's and tomorrow's small businessesSmall BusinessesBeneficiary4f5fa595-b306-42bc-af2a-67ddaa55eed2RiskMitigation_982a00de-309c-11e0-b4f3-493b7a64ea2aSupportsObjective 3 - Mitigate risk to taxpayers and improve oversight across SBA programsTBD2013-07-07http://www.sba.gov/sites/default/files/files/SBA%20Program%20Inventory.pdfOwenAmburOwen.Ambur@verizon.net