Resource library

Find statute, regulations, forms, and other guidance on the SBIC program.


Accounting and valuation standards

Appendix 14 provides guidance to SBICs on accounting policies and procedures, financial reporting to the U.S. Small Business Administration (SBA), and selection of an auditor. It also contains guidelines for independent public accountants engaged to conduct annual audits of SBICs.

Appendix 15 describes the policies and procedures which SBICs must follow in valuing their loans and investments. It also provides the techniques and standards which are generally applicable to such valuations.

Appendix 16 provides for two-digit number designations for major categories under which accounts are listed, and three-digit number designations for individual general ledger accounts.

Policy guidance

While regulations provide the rules which govern SBICs, SBA issues Procedures, TechNotes and Policy Letters to provide further clarification on specific areas and special topics.  This section lists guidance by topic.

Credit and risk

Funding the SBIC program

Investments and transactions

Leverage commitments and draws

Licensing and organizational

Periodic reporting

Standard Operating Procedures

Statute and regulations

Regulations provide the implementing rules to govern the SBIC program as authorized by the Small Business Investment Company Act of 1958, as amended. The following provides links to relevant code and regulations on the Government Printing Office’s (GPO) site:

Last updated June 9, 2023