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.
