Tabla de Contenidos:
  • SMALL BUSINESS INVESTMENT COMPANIES: OVERVIEW, PERFORMANCE, AND ANALYSES OF THE SBA PROGRAM; SMALL BUSINESS INVESTMENT COMPANIES: OVERVIEW, PERFORMANCE, AND ANALYSES OF THE SBA PROGRAM; Library of Congress Cataloging-in-Publication Data; CONTENTS; PREFACE; Chapter 1: SBA SMALL BUSINESS INVESTMENT COMPANY PROGRAM*; SUMMARY; SBIC PROGRAM OVERVIEW; SBIC TYPES; SBIC ELIGIBILITY REQUIREMENTS; SBIC APPLICATION PROCESS; SBIC CAPITAL INVESTMENT REQUIREMENTS; Debenture SBICs; Participating Securities SBICs; Impact Investment Debenture SBICs; Early Stage Debenture SBICs
  • KEY FEATURES OF REGULAR SBIC TYPESSBIC INVESTMENTS IN SMALL BUSINESSES; LEVERAGE; Leverage Drawdown; Debenture SBIC Leverage Requirements; Participating Securities SBIC Leverage Requirements; Impact Investment Debenture SBIC Leverage Requirements; Early Stage Debenture SBIC Leverage Requirements; REPORTING REQUIREMENTS; SBIC PROGRAM STATISTICS; Total Financing; Financing to Specific Demographic Groups; Financing by State; Financing by Industry; LEGISLATIVE ACTIVITY; Legislation to Target Additional Assistance to Startup and Early Stage Small Businesses; Discussion
  • Legislation to Increase SBIC Financing LevelsDiscussion; CONCLUDING OBSERVATIONS; APPENDIX. SMALL BUSINESS ELIGIBILITY REQUIREMENTS AND APPLICATION PROCESS; Small Business Eligibility Requirements; Small Business Application Process; End Notes; Chapter 2: SMALL BUSINESS INVESTMENT COMPANIES: INVESTMENT OPTION FOR BANKS; ABSTRACT; I. WHAT ARE SBICS?; II. WHY ARE SBICS OF INTEREST TO BANKS?; III. HOW DO SBICS WORK?; III.A. SBIC Leverage and Cost of Capital; III.B. SBIC Licenses and Licensing Process; III.C. SBIC Operations and Oversight; III.D. SBIC Fund Cycles
  • III.E. Investment Pay-In and Return of Investor CapitalIII.F. Other Vehicles for Participating in the SBIC Program; IV. KEY RISKS AND REGULATORY CONSIDERATIONS; IV.A. Risks; IV.B. Regulatory Considerations; V. WHAT ARE TYPICAL RETURNS ON SBIC INVESTMENTS?; VI. WHAT ARE THE BARRIERS TO BANK PARTICIPATION?; VII. CONCLUSION; APPENDIX A. HOW BANKS CAN USE THE READ FORM; APPENDIX B; How Banks Can Use the CIP Worksheet; APPENDIX C; IRR; APPENDIX D; Debenture SBIC Performance; Definitions and Methodology; APPENDIX E; Resource Directory; Office of the Comptroller of the Currency
  • Industry and Private Firms ResourcesEnd Notes; Chapter 3: SMALL BUSINESS INVESTMENT COMPANIES: CHARACTERISTICS AND INVESTMENT PERFORMANCE OF SINGLE AND MULTIPLE LICENSEES*; WHY GAO DID THIS STUDY; WHAT GAO RECOMMENDS; WHAT GAO FOUND; ABBREVIATIONS; BACKGROUND; MULTIPLE LICENSEES CONTROLLED MOST SBA LEVERAGE AND SHARED SIMILAR CHARACTERISTICS WITH SINGLE LICENSEES; Multiple Licensees Controlled Most SBICs and SBA Leverage in 2014; Few Multiple Licensees Used Allowable Maximum Leverage; Single and Multiple Licensees Had Largely Similar Characteristics