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.