One of the major aims of the Small Business Administration is to provide access to working capital for qualified new and growing companies. The SBA does not directly lend money to entrepreneurs however. In addition to its SBA loan program, it also offers a venture capital system called the Small Business Investment Company (SBIC.) Here’s what you need to know about this program: The SBIC was established in 1958 by Congress in order to get more financing to growing businesses. It allows […]

In searching for an extra boost of financing for your company you have probably researched resources like angel investors and venture capitalists. One funding group you may not have considered is the Small Business Investment Company (SBIC). There are hundreds of these Small Business Administration-backed investment firms with plenty of ready capital waiting to be devoted to the right company. SBICs have been around for more than half a century and today there are over 300 operating firms. The […]