Processing Applications for SBIC Licenses

This standard operating procedure (SOP) provides guidance to personnel in SBA’s Office of Investment and Innovation (OII) engaged in the processing of SBIC license applications.

The SOP identifies the relevant provisions of the Small Business Investment Act of 1958, as amended (Act) and SBA regulations, primarily 13 CFR Part 107, and explains how the licensing process is designed to address these statutory and regulatory requirements.