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Small Business Investment Company (SBIC)

Small Business Investment Company (SBIC) definition - business

Small Business Investment Company (SBIC)

A privately owned and operated financial institution created to provide equity capital and long-term credit to qualified small businesses. The program was created by Congress in 1958 to assist small businesses in obtaining financing that was unavailable through normal channels. SBICs can qualify for government-backed long-term loans.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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