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How does the SBA make capital available to licensed SBICs?
Expert Answer
Small Business Investment Company (SBIC) is a private investmentcompany licensed by SBA to provide funds to small business venturesin both equity and debt areas. Small business investment companiesborrow from federal governmnet in order to provide funds to smallbusiness ventures.
SBIC has to be approved and licensed. Once the SBIC is licensedand approved, the SBA provides it a committment to offer a setamount of leverage over many years. After the establishment of thefund, debenture, a debt security will be issued when an investmentis to be made. The owner
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