SBICs: The love child of VC and Uncle Sam

06/10/2009 | Bloomberg Businessweek

In the alphabet soup of government programs, SBICs have always been fairly obscure. But now that banks and venture capitalists have all but stopped offering later-stage financing to entrepreneurs, the Small Business Investment Co. program is getting a second look. Through SBA licensing, privately held SBICs can supplement their own investment funds with up to $150 million in government money, which they loan mainly to established companies with dependable revenues.

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