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

Pursuant to a congressional request, GAO provided information on small business investment companies (SBIC) and specialized small business investment companies (SSBIC), focusing on: (1) trends in the number, funding, losses, capitalization, size, and liquidation of SBIC and SSBIC between 1990 and 1994; (2) SBIC and SSBIC investment activities between 1990 and 1994; and (3) the educational background and work experience of personnel in the Small Business Administration's (SBA) Investment Division, which manages the SBIC program.