News & Analysis as of

Small Business SBIC Investors

Hogan Lovells

SBIC Program Updates: SBA Proposes Technical Amendments to 2023 Reforms and Significant Change to Passive Business Rule

Hogan Lovells on

In July 2023, the U.S. Small Business Administration (SBA) released sweeping reforms to the Small Business Investment Company (SBIC) program. Many of those reforms were enacted through the Small Business Investment Company...more

Morrison & Foerster LLP - Government...

SBA Finalizes Rule To Modernize The SBIC Program

The U.S. Small Business Administration (SBA) finalized a rule to modernize the Small Business Investment Company (SBIC) Program on July 17, 2023. Part of President Biden’s Investing in America agenda, the new SBIC Investment...more

Hogan Lovells

SBA finalizes significant reforms to SBIC program - Changes introduce new Accrual SBIC for equity investors and a Reinvestor SBIC...

Hogan Lovells on

The U.S. Small Business Administration (SBA) finalized wide-ranging revisions to the regulations governing the small business investment company (SBIC) program on Thursday, July 13, 2023. Among other things, the changes...more

Eversheds Sutherland (US) LLP

Could the SBA be making changes to the SBIC program? 

On October 18, 2022, the US Small Business Administration (the SBA) proposed a wide range of regulatory changes to the rules governing the small business investment company (SBIC) program (the Proposal). ...more

McGuireWoods LLP

A Summary of the SBIC Progarm

McGuireWoods LLP on

BACKGROUND AND CURRENT STATE OF THE SBIC PROGRAM - The Small Business Investment Company (SBIC) Program enables private equity fund managers to access government leverage at rates typically lower than traditional lending...more

Troutman Pepper Locke

Description of the Small Business Investment Company Program Participation by Unleveraged Funds - January 2017

Troutman Pepper Locke on

A Small Business Investment Company (SBIC) is a privately owned and operated company that makes long-term investments in American small businesses and is licensed by the United States Small Business Administration (SBA)....more

PilieroMazza PLLC

Investing in Small Businesses Through SBA’s SBIC Program

PilieroMazza PLLC on

We work with many firms that have or would like to invest in small businesses. One of the biggest issues for an investor in a small business is the potential that the investment will create an affiliation between the investor...more

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