Small Business Investment Companies: Characteristics and Investment Performance of Single and Multiple Licensees

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Our Price: $25.00

By Cindy Brown Barnes (au)
Year: 2016
Pages: 53
Binding Paperback
ISBN 978-1-4578-7217-4

Product Code: 145787217X

Description

Under the Small Business Investment Companies (SBIC) program, the Small Business Administration (SBA) licenses privately owned and managed investment funds that provide capital to small businesses. SBICs use their own capital plus funds (known as leverage) that are borrowed at favorable rates because SBA guarantees the loan obligation, which is known as a debenture. Holders of SBIC licenses can manage a single SBIC (äósingle licenseeäó) or two or more SBICs (äómultiple licenseeäó). This report examines (1) the characteristics of single- and multiple-license SBICs; (2) the investment performance of single versus multiple licensees and the attributes of the small businesses in which they invest; and (3) the SBIC programäó»s overall financial performance and the extent to which SBS manages program risk. Tables and figures. This is a print on demand report.

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