SBIC - Small Business Investment Companies Wayne County, MI

Small Business Investment Companies (SBICs) are privately managed, for-profit investment funds that provide equity and debt capital to small businesses. They administer loans to qualifying small businesses, and the U.S. Small Business Administration (SBA) guarantees the company's investments. SBICs must receive a license from the SBA in order to operate. The SBIC program is a public-private partnership that was founded by an act of Congress in 1958 to offer financial assistance to small businesses.