The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee will be meeting on July 30, 2024. The meeting will focus on changes to the U.S. Small Business Administration’s (SBA) Small Business Investment Company (SBIC) program. The Committee will discuss capital raising by smaller businesses, including the role played by the SBA and the SBIC program, which provides access to funding for smaller businesses. SBICs are investment funds licensed by the SBA that can access SBA-guaranteed loans that match private capital. Often, business development companies (BDCs) have SBIC subsidiaries. Recent changes to the SBIC program were designed to increase access to funding for small businesses, start-ups and funds.
See the press release and the agenda.