Funding small businesses through the SBIC program
The article is organized in four sections. The first section discusses the economic implications of the SBIC program. The second section examines the types of investments SBICs make, the cross-sectional differences in characteristics and investment strategies, and the differences between bank-owned and other SBICs. The third section presents evidence concerning the impact of SBICs' asset-mix decisions on profitability. The final section contains concluding remarks.