Small Business Investment Company (SBIC)

A Small Business Investment Company (SBIC) is a private investment firm licensed by the U.S. government to provide capital to small businesses. SBICs raise funds from private investors and can borrow money from the government to increase their investment capacity. They invest in small companies, helping them grow by offering financial support, which can be in the form of loans or equity investments. In return, SBICs aim to earn a profit while supporting the growth of small businesses, often fostering job creation and economic development in their communities.