The Performance of Small Business Investment Companies

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The Performance of Small Business Investment Companies

alphaarchitect

3 months ago

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Small businesses are the backbone of the U.S. economy, yet they often face the hardest time accessing long-term capital. To address this gap, Congress created the Small Business Investment Company (SBIC) program in 1958, allowing private funds to invest in small firms using leverage supported by the U.S. Small Business Administration (SBA). The natural concern is whether a government-supported structure sacrifices returns in pursuit of policy goals. This research suggests the opposite. SBIC fund...

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