SBIC Program Overview

Created in 1958, SBA's Small Business Investment Company (SBIC) program partners with private investment funds, providing fund managers access to government-backed loans. These loans can be invested as equity or debt in the small businesses and startups fueling America's investment and innovation economy.

The program is an effective example of a successful federal policy aligned with private markets and public interest to start, sustain, and scale U.S. small businesses and startups.