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SBIC Capital for Small Businesses

By Bruce A. Kinn, David R. Pierson and Earl W. Mellott

Since the overhaul of the small business investment company (SBIC) program in the early 1990's, the program has grown rapidly to become a large source of equity and mezzanine capital for small and medium-sized businesses. This article provides an overview of the SBIC program, with particular emphasis on those features that benefit entrepreneurs.

Growth of the SBIC Program

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