Download or read book Examining the Small Business Investment Company Program written by United States. Congress. House. Committee on Small Business. Subcommittee on Investigations, Oversight, and Regulations and published by . This book was released on 2013 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Small Business Administration s Small Business Investment Company Program written by and published by . This book was released on 1991 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sba Small Business Investment Company Program written by Robert Jay Dilger and published by Createspace Independent Pub. This book was released on 2013-01-05 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Small Business Administration's (SBA's) Small Business Investment Company (SBIC) Program is designed to enhance small business access to venture capital by stimulating and supplementing “the flow of private equity capital and long term loan funds which small business concerns need for the sound financing of their business operations and for their growth, expansion, and modernization, and which are not available in adequate supply.” Facilitating the flow of capital to small businesses to stimulate the national economy was, and remains, the SBIC program's primary objective. At the end of FY2012, there were 301 privately owned and managed SBICs licensed by the SBA, providing financing to small businesses with private capital the SBIC has raised (regulatory capital) and funds the SBIC borrows at favorable rates (leverage) because the SBA guarantees the debenture (loan obligation). SBICs pursue investments in a broad range of industries, geographic areas, and stages of investment. Some SBICs specialize in a particular field or industry, while others invest more generally. Most SBICs concentrate on a particular stage of investment (i.e., startup, expansion, or turnaround) and geographic area. The SBA is authorized to provide up to $3 billion in leverage to SBICs annually. The SBIC program has invested or committed about $18.2 billion in small businesses, with the SBA's share of capital at risk about $8.8 billion. In FY2012, the SBA committed to guarantee $1.9 billion in SBIC small business investments, and SBICs provided another $1.3 billion in investments from private capital, for a total of more than $3.2 billion in financing for 1,094 small businesses. Some Members of Congress, the Obama Administration, and small business advocates argue that the program should be expanded as a means to stimulate economic activity, create jobs, and assist in the national economic recovery. Others worry that an expanded SBIC program could result in loses and increase the federal deficit. In their view, the best means to assist small business, promote economic growth, and create jobs is to reduce business taxes and exercise federal fiscal restraint. Some Members have also proposed that the program target additional assistance to startup and early stage small businesses, which are generally viewed as relatively risky investments but also as having a relatively high potential for job creation. In an effort to target additional assistance to newer businesses, the SBA has established, as part of the Obama Administration's Startup America Initiative, a $1 billion early stage debenture SBIC initiative (up to $150 million in leverage in FY2012, and up to $200 million in leverage per fiscal year thereafter until the limit is reached). Early stage debenture SBICs are required to invest at least 50% of their investments in early stage small businesses, defined as small businesses that have never achieved positive cash flow from operations in any fiscal year. This publication describes the SBIC program's structure and operations, including two recent SBA initiatives, one targeting early stage small businesses and one targeting underserved markets. It also examines several legislative proposals to increase the leverage available to SBICs and to increase the SBIC program's authorization amount to $4 billion.
Download or read book Sba Small Business Investment Company Program written by Congressional Research Service and published by CreateSpace. This book was released on 2014-10-23 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Small Business Administration's (SBA's) Small Business Investment Company (SBIC) program is designed to enhance small business access to venture capital by stimulating and supplementing “the flow of private equity capital and long-term loan funds which small-business concerns need for the sound financing of their business operations and for their growth, expansion, and modernization, and which are not available in adequate supply.” Facilitating the flow of capital to small businesses to stimulate the national economy was, and remains, the SBIC program's primary objective. As of September 30, 2014, there were 294 privately owned and managed SBA-licensed SBICs providing small businesses private capital the SBIC has raised (called regulatory capital) and funds the SBIC borrows at favorable rates (called leverage) because the SBA guarantees the debenture (loan obligation). SBICs pursue investments in a broad range of industries, geographic areas, and stages of investment. Some SBICs specialize in a particular field or industry, and others invest more generally. Most SBICs concentrate on a particular stage of investment (i.e., startup, expansion, or turnaround) and geographic area. The SBIC program has invested or committed about $22.5 billion in small businesses, with the SBA's share of capital at risk about $10.7 billion. In FY2014, the SBA committed to guarantee $2.55 billion in SBIC small business investments. SBICs invested another $2.92 billion from private capital for a total of almost $5.5 billion in financing for 1,085 small businesses. P.L. 113- 76, the Consolidated Appropriations Act, 2014, increased the annual amount of leverage the SBA is authorized to provide to SBICs to $4 billion from $3 billion. Some Members of Congress and the Obama Administration have argued that the program should be expanded as a means to stimulate economic activity, create jobs, and assist in the national economic recovery. For example, in addition to P.L. 113-76's increase of the SBIC program's annual authorization amount to $4 billion from $3 billion, S. 511, the Expanding Access to Capital for Entrepreneurial Leaders Act (EXCEL Act) and S. 1285, the Small Business Innovation Act of 2013, would increase the program's family of funds limit (the amount of outstanding leverage allowed for two or more SBIC licenses under common control) to $350 million from $225 million. Others worry that an expanded SBIC program could result in loses and increase the federal deficit. In their view, the best means to assist small business, promote economic growth, and create jobs is to reduce business taxes and exercise federal fiscal restraint. Some Members have also proposed that the program target additional assistance to startup and early stage small businesses, which are generally viewed as relatively risky investments but also as having a relatively high potential for job creation. For example, during the 113th Congress, H.R. 30, the Small Business Investment Enhancement and Tax Relief Act, and S. 1285 would authorize the Administration to establish a separate SBIC program for early stage small businesses. Also, as part of the Obama Administration's Startup America Initiative, the SBA established a five-year, $1 billion early stage debenture SBIC initiative in 2012. Early stage debenture SBICs are required to invest at least 50% of their investments in early stage small businesses, defined as small businesses that have never achieved positive cash flow from operations in any fiscal year. This report describes the SBIC program's structure and operations and examines legislative proposals to expand the program by increasing the leverage available to SBICs and increasing the SBIC program's authorization amount to $4 billion annually.
Download or read book Examining the Small Business Investment Company Program written by United States Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-10 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the Small Business Investment Company Program : hearing before the Subcommittee on Investigations, Oversight and Regulations of the Committee on Small Business, United States, House of Representatives, One Hundred Thirteenth Congress, first session, hearing held July 25, 2013.
Download or read book Small Business Investment Companies written by United States. Small Business Administration. Investment Division and published by . This book was released on 1992 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Small Business Investment Company Program written by United States. Congress. House. Committee on Small Business. Subcommittee on Capital, Investment, and Business Opportunities and published by . This book was released on 1978 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Small Business Investment Companies written by United States. Small Business Administration. Office of Finance and Investment and published by . This book was released on 1984 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Small Business Investment Company Program written by United States. General Accounting Office and published by . This book was released on 1978 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Examining the Small Business Investment Company Program written by United States. Congress. House. Committee on Small Business. Subcommittee on Investigations, Oversight, and Regulations and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Small Business Investment Company and Specialized Small Business Investment Company Programs written by United States. Congress. House. Committee on Small Business and published by . This book was released on 1991 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Small Business Investment Companies written by Cindy Brown Barnes and published by . This book was released on 2016-03-14 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under the Small Business Investment Companies (SBIC) program, the Small Business Administration (SBA) licenses privately owned and managed investment funds that provide capital to small businesses. SBICs use their own capital plus funds (known as leverage) that are borrowed at favorable rates because SBA guarantees the loan obligation, which is known as a debenture. Holders of SBIC licenses can manage a single SBIC ("single licensee") or two or more SBICs ("multiple licensee"). This report examines (1) the characteristics of single- and multiple-license SBICs; (2) the investment performance of single versus multiple licensees and the attributes of the small businesses in which they invest; and (3) the SBIC program's overall financial performance and the extent to which SBS manages program risk. Tables and figures. This is a print on demand report.
Download or read book Small Business Administration Investment and Loan Programs written by Alan R. Connoly and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Small Business Administration's (SBA's) Small Business Investment Company (SBIC) Program is designed to enhance small business access to venture capital by stimulating and supplementing "the flow or private equity capital and long term loan funds which small business concerns need for the sound financing of their business operations and for their growth, expansion, and modernisation, and which are not available in adequate supply". Facilitating the flow of capital to small businesses to stimulate the national economy was, and remains, the SBIC program's primary objective. This book examines small business administration investment and loan programs with a focus on the SBIC; SBA New Markets Venture Capital program; Small Business Administration 7(a) Loan Guaranty Program; the Small Business Administration 504/CDC Loan Guaranty Program; and the microloan program.
Download or read book Small Business Investment Company Program Investment Advisory Council report written by United States. Congress. House. Committee on Small Business and published by . This book was released on 1992 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Sbics in Action written by Richard E Kelley and published by . This book was released on 2012-05-01 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Small Business Investment Company Program written by United States. Congress. Senate. Committee on Small Business and published by . This book was released on 1995 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Look at how the Small Business Administration s Investment Company Program for Assisting Disadvantaged Businessmen is Working written by United States. General Accounting Office and published by . This book was released on 1975 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
