Small Business: Update of Information on SBA's Small Business Investment Company Programs

Pursuant to a congressional request, GAO updated through fiscal year (FY) 1996 selected information presented in its May 1995 report on the performance of the Small Business Administration's (SBA) Small Business Investment Company programs, focusing on: (1) the programs' trends for fiscal years 1990 through 1996 in terms of the number, size, funding, and private capitalization of small business investment companies (SBICs) and specialized small business investment companies (SSBICs); (2) SBA's cumulative net program losses through FY 1996 from liquidating SBICs and SSBICs, and SSBICs' participation in the Three Percent Preferred Stock Repurchase Program through December 1996; and (3) SBICs' and SSBICs' investment activities during fiscal years 1990 through 1996.