Key Initiatives

Find out more about the SBIC program’s key initiatives.
Early Stage Initiative
Although the Early Stage SBIC program has ended, SBA encourages venture capital funds utilizing an early stage investment strategy to apply for licensing as non-leveraged SBICs (SBICs that do not issue SBA-guaranteed debentures). SBA has many non-leveraged SBICs pursuing early stage investment strategies.

Impact Investment Fund
Although the SBA is no longer accepting MAQs for applicants to be licensed under the Impact Policy, SBA encourages qualified fund managers with impact-focused investment strategies to apply to the standard SBIC program