SBA SBIC: Small Business Investment Companies

Looking for SBIC financing options for your small business? Our comprehensive directory of SBA-licensed Small Business Investment Companies (SBICs) connects entrepreneurs with the capital they need to grow. These private investment funds, licensed and regulated by the Small Business Administration (SBA), provide equity capital, long-term loans, and management assistance to qualifying small businesses across diverse industries. Whether you’re seeking mezzanine financing, venture capital, or growth equity from SBIC funds, our searchable database helps you find the right investment partner for your business stage and sector. Discover how these public-private partnerships can provide the funding solution your small business needs to scale operations, finance acquisitions, or fuel expansion plans.

Name	City	State	Manager	Investment strategy	Fund Style	Making new investments?	Investor relations phone
1st Source Capital Corporation	South Bend	IN	1st Source Capital Corporation	Multiple	Venture	No	574-235-2180
AAVIN Capital III, LP	Cedar Rapids	IA	AAVIN Private Equity	Buyout	Hybrid	Yes	319-247-1072
AAVIN Mezzanine Fund, LP	Cedar Rapids	IA	AAVIN Private Equity	Mezzanine	Hybrid	No	319-247-1072
Abacus Finance SBIC Fund I, L.P.	New York	NY	Abacus Finance Group, LLC	Direct Lending	Private Credit	Yes	212-850-4629
Aldine Capital Fund II, L.P.	Chicago	IL	Aldine Capital Partners	Mezzanine	Hybrid	No	312-346-1006
Aldine Capital Fund III, L.P.	Chicago	IL	Aldine Capital Partners, Inc.	Mezzanine	Hybrid	No	312-346-1006
Aldine Capital Fund IV, L.P.	Chicago	IL	Aldine Capital Partners, Inc.	Mezzanine	Hybrid	Yes	312-346-1002
Argentum Capital Partners III, L.P.	New York	NY	Argentum Fund Management, LLC	Hybrid Debt/Equity	Hybrid	No	212-949-8511
Argentum Capital Partners IV, L.P.	New York	NY	Argentum Fund Management, LLC	Hybrid Debt/Equity	Hybrid	Yes	212-949-8511
Argosy Investment Partners IV, L.P.	Wayne	PA	Argosy Private Equity	Hybrid Debt/Equity	Hybrid	No	610-971-9685
Argosy Investment Partners SBIC VI, L.P.	Wayne	PA	Argosy Private Equity	Hybrid Debt/Equity	Hybrid	Yes	610-971-9685
Argosy Investment Partners V, L.P.	Wayne	PA	Argosy Private Equity	Hybrid Debt/Equity	Hybrid	No	610-971-9685
Avante Capital Partners SBIC III, L.P.	Los Angeles	CA	Avante Capital Partners	Mezzanine	Hybrid	Yes	310-667-9242
Avante Capital Partners SBIC III-A, L.P.	Los Angeles	CA	Avante Capital Partners	Mezzanine	Hybrid	Yes	310-667-9242
Avante Capital Partners SBIC IV, L.P.	Los Angeles	CA	Avante Capital Partners	Direct Lending	Private Credit	Yes	310 667-9242
Avante Mezzanine Partners SBIC II, L.P.	Los Angeles	CA	Avante Capital Partners	Mezzanine	Hybrid	No	310-667-9242
Avante Mezzanine Partners SBIC, L.P.	Los Angeles	CA	Avante Capital Partners	Mezzanine	Hybrid	No	310-667-9242
Balance Point Capital Partners II, L.P.	Westport	CT	Balance Point Capital	Mezzanine	Hybrid	No	203-652-8255
Balance Point Capital Partners IV, L.P.	Westport	CT	Balance Point Capital	Mezzanine	Hybrid	Yes	203-652-8255
Balance Point Capital Partners VII, L.P.	Westport	CT	Balance Point Capital Advisors, LLC	Mezzanine	Private Credit	Yes	203-652-8255
Ballast Point Ventures III, L.P.	Tampa	FL	BPV Management, LLC	Venture	Venture	No	813-906-8500
Ballast Point Ventures IV, L.P.	Tampa	FL	BPV Management, LLC	Venture	Venture	Yes	813-906-8500
Barings Small Business Fund, L.P.	Charlotte	NC	Barings	Mezzanine	Hybrid	Yes	704-805-7671
Bayview Capital Partners III LP	Minnetonka	MN	Tonka Bay Equity Partners LLC	Buyout	Private Equity	No	952-345-2032
Bayview Capital Partners IV LP	Minnetonka	MN	Tonka Bay Equity Partners LLC	Buyout	Private Equity	Yes	952-345-2031
BBK Ventures Fund I, L.P.	Dallas	TX	BBK Ventures GP, LLC	Multiple	Fund of Funds	Yes	619-410-3334
BIP III SBIC, LP	McLean	VA	Bluestone Investment Manager, LLC	Buyout	Private Equity	Yes	202-251-3646
Blue Sage Capital II, L.P.	Austin	TX	Blue Sage Capital	Balanced Venture	Hybrid	No	512-536-1902
Bluehenge Capital SBIC II, L.P.	Baton Rouge	LA	Bluehenge Capital Management, LLC	Mezzanine	Hybrid	Yes	225-615-3348
Bluehenge Capital Secured Debt SBIC, LP	Baton Rouge	LA	Bluehenge Capital Partners	Direct Lending	Private Credit	No	225-615-3348
Bluhaus Small Business Fund, L.P.	Guaynabo	PR	Bluhaus Capital	Hybrid Debt/Equity	Hybrid	Yes	787-708-6747
Boathouse Capital II LP	Wayne	PA	Boathouse Capital	Mezzanine	Hybrid	No	610-977-2787
Boathouse Capital III LP	Wayne	PA	Boathouse Capital	Multiple	Hybrid	Yes	610-263-2818
Boathouse Capital LP	Wayne	PA	Boathouse Capital	Mezzanine	Hybrid	No	610-977-2787
Brightwood Capital SBIC II, LP	New York	NY	Brightwood Capital	Direct Lending	Private Credit	No	646-957-9525
Brightwood Capital SBIC III, L.P.	New York	NY	Brightwood Capital Advisors, LLC	Direct Lending	Private Credit	Yes	646-957-9534
Brookside Capital Fund V SBIC, L.P.	Stamford	CT	Brookside Capital Partners	Mezzanine	Private Credit	Yes	203-595-4530
Brookside Mezzanine Fund III, L.P.	Stamford	CT	Brookside Capital Partners	Mezzanine	Hybrid	No	203-595-4530
Brookside Mezzanine Fund IV, L.P.	Stamford	CT	Brookside Mezzanine Partners Management, LLC	Mezzanine	Hybrid	No	203-595-4530
BSCP SBIC I, L.P.	Alexandria	VA	Boundary Street Capital	Mezzanine	Hybrid	Yes	703-837-6021
BSCP SBIC II, L.P.	Alexandria	VA	Boundary Street Capital	Mezzanine	Hybrid	Yes	703-837-6021
C3 Capital Partners II, L.P.	Kansas City	MO	C3 Capital, LLC	Mezzanine	Hybrid	No	816-756-2225
C3 Capital Partners III, L.P.	Kansas City	MO	C3 Capital, LLC	Mezzanine	Hybrid	No	816-756-2225
C3 Capital Partners, LP	Kansas City	MO	C3 Capital, LLC	Mezzanine	Hybrid	No	816-756-2225
Caltius Equity Partners V, L.P.	Los Angeles	CA	Caltius Structured Capital	Buyout	Private Equity	Yes	310-996-9585
Caltius Partners V (SBIC), L.P.	Los Angeles	CA	Caltius Structured Capital	Mezzanine	Hybrid	No	310-996-9572
Caltius Partners VI (SBIC), L.P.	Los Angeles	CA	Caltius Management, LP	Mezzanine	Hybrid	Yes	310-996-9572
Cambridge Ventures, LP	Indianapolis	IN	Cambridge Ventures, Inc.	Mezzanine	Hybrid	Yes	317-814-6192
Canapi Ventures SBIC Fund II, L.P.	Washington	DC	Canapi Ventures	Balanced Venture	Venture	Yes	202-315-1818
Canapi Ventures SBIC Fund, L.P.	Washington	DC	CenterHarbor Canapi Ventures Investment Advisors LLC	Venture	Venture	Yes	202-315-1818
Capital Alignment Partners III, L.P.	Nashville	TN	CCSC Management Services, Inc.	Mezzanine	Hybrid	No	615-915-1098
Capital Alignment Partners IV-A, L.P.	Nashville	TN	Capital Alignment Partners	Mezzanine	Hybrid	Yes	615-915-1098
Capital Alignment Partners IV-B, L.P.	Nashville	TN	Capital Alignment Partners	Mezzanine	Hybrid	Yes	615-915-1098
Capital Southwest SBIC I, L.P.	Dallas	TX	Capital Southwest Corporation	Direct Lending	Private Credit	Yes	214-238-5700
Capital Southwest SBIC II, LP	Dallas	TX	Capital Southwest Corporation	Direct Lending	Private Credit	Yes	214-238-5700
Capitala SBIC Fund VI, L.P.	Charlotte	NC	Capitala Group	Mezzanine	Hybrid	Yes	704-376-5502
CapitalSouth SBIC Fund IV, L.P.	Charlotte	NC	Capital Private Advisors, LLC	Mezzanine	Hybrid	No	704-376-5502
CapitalSpring SBIC II, L.P.	Nashville	TN	CapitalSpring	Mezzanine	Hybrid	Yes	646-651-2122
CCP IV-SBIC, L.P.	Indianapolis	IN	Centerfield Capital Partners	Hybrid Debt/Equity	Hybrid	No	317-513-2763
CCP V-SBIC, L.P.	Indianapolis	IN	Centerfield Capital Partners	Mezzanine	Hybrid	Yes	317-513-2763
CCP VI-SBIC, L.P.	Indianapolis	IN	Centerfield Management VI, Inc.	Mezzanine	Private Equity	Yes	317-513-2763
Central Valley Fund III (SBIC), L.P. (The)	Davis	CA	CVF Capital Partners	Mezzanine	Hybrid	No	530-757-7004
Cephas Capital Partners III, L.P.	Pittsford	NY	Chephas, LLC	Mezzanine	Hybrid	Yes	585-383-1610
CFB Venture Fund L.P.	Saint Louis	MO	CFB Partners, LLC	Growth Equity	Growth Equity	No	314-746-7427
Champlain Capital Partners II, L.P.	San Francisco	CA	Champlain Capital Partners	Hybrid Debt/Equity	Hybrid	No	415-281-4181
Champlain Capital Partners III, L.P.	San Francisco	CA	Champlain Capital Partners	Hybrid Debt/Equity	Hybrid	No	415-281-4181
Champlain Capital Partners IV, L.P.	San Francisco	CA	Champlain Capital Partners	Hybrid Debt/Equity	Hybrid	Yes	415-281-4181
Charter Growth Capital Fund II, L.P.	Grand Rapids	MI	Growth Capital Management LLC	Mezzanine	Hybrid	Yes	616-235-3555
Concentric Partners I, L.P.	Raleigh	NC	Concentric Investment Partners	Mezzanine	Hybrid	Yes	919-619-3238
Convergent Capital Partners III, L.P.	Scottsdale	AZ	CC Management, LLC	Mezzanine	Hybrid	No	763-432-4081
Convergent Capital Partners IV, L.P.	Eden Prairie	MN	MinCal Management, Inc.	Mezzanine	Hybrid	Yes	763-432-4083
Corbel Capital Partners SBIC II, L.P.	Los Angeles	CA	Corbel Management LLC	Mezzanine	Hybrid	Yes	310-299-2476
Corbel Capital Partners SBIC, L.P.	Los Angeles	CA	Corbel Capital	Mezzanine	Hybrid	No	310-442-7011
Corbel Equity Partners SBIC, L.P.	Los Angeles	CA	Corbel Capital	Growth Equity	Private Equity	Yes	310-299-2476
Crescent Direct Lending SBIC Fund, L.P.	Boston	MA	Crescent SBIC Management, LLC	Direct Lending	Private Credit	No	617-854-1501
Cultivation Capital Seed Fund III, L.P.	St. Louis	MO	Cultivation Twain Seed Fund III Manager, LLC	Venture	Venture	Yes	314-565-8062
Cultivation Twain Seed Fund I, L.P.	St. Louis	MO	Cultivation Twain Seed Fund I Manager, LLC	Early Venture	Venture	No	314-565-8062
Cyprium SBIC I, L.P.	Cleveland	OH	Cyprium Investment Partners	Mezzanine	Hybrid	Yes	216-453-4533
DC Small Business Fund, L.P.	Jacksonville Beach	FL	DC Small Business Management Company	Buyout	Private Equity	Yes	203-629-2030
DCA Capital Partners II, L.P.	Roseville	CA	DCA Partners	Growth Equity	Growth Equity	No	916-650-5352
DCA Capital Partners III SBIC, L.P.	Roseville	CA	DCA Partners	Buyout	Private Equity	Yes	916-650-5352
Deerpath Funding Advantage IV, L.P.	New York	NY	Deerpath Capital Management, LP	Direct Lending	Private Credit	No	646-786-1022
Deerpath Funding V, L.P.	New York	NY	Deerpath Capital	Hybrid Debt/Equity	Hybrid	Yes	646-786-1022
Diamond State Ventures III, L.P.	Little Rock	AR	Diamond State Ventures	Mezzanine	Hybrid	No	501-374-9247
Dos Rios Partners – A, L.P.	Austin	TX	Dos Rios Partners	Hybrid Debt/Equity	Hybrid	No	512-298-1280
Dos Rios Partners, L.P.	Austin	TX	Dos Rios Partners	Hybrid Debt/Equity	Hybrid	No	512-298-1280
Eagle Fund III, L.P.	Saint Louis	MO	Eagle Private Capital, LLC	Mezzanine	Hybrid	No	314-754-1400
Eagle Fund III-A, L.P.	Saint Louis	MO	Eagle Private Capital, LLC	Mezzanine	Hybrid	No	314-754-1400
Eagle Fund IV, L.P.	Saint Louis	MO	Eagle Private Capital, LLC	Mezzanine	Hybrid	No	314-754-1400
Eagle Fund IV-A, L.P.	Saint Louis	MO	Eagle Private Capital, LLC	Mezzanine	Hybrid	No	314-754-1400
Eagle Fund V, L.P.	St. Louis	MO	Eagle Private Capital, LLC	Mezzanine	Hybrid	Yes	314-754-1400
Eagle Fund V-A, L.P.	St. Louis	MO	Eagle Private Capital, LLC	Mezzanine	Hybrid	Yes	314-754-1400
Eagle Fund VI-A, L.P.	St. Louis	MO	Eagle Private Capital VI, Inc	Mezzanine	Hybrid	Yes	314-754-1400
East Coast Capital Holdings Ltd.	New York	NY	Veritas Capital Service, LLC	Multiple	Private Equity	No	212-686-1515
Emigrant Capital Corporation	New York	NY	Emigrant Capital	Multiple	Hybrid	No	212-850-4470
Energy Impact Credit Fund I LP	New York	NY	Energy Impact Partners	Mezzanine	Hybrid	No	212-899-9700
Energy Impact Credit Fund II LP	New York	NY	Energy Impact Partners	Mezzanine	Hybrid	Yes	212-899-9714
Enhanced SBIC II, L.P.	San Francisco	CA	Tree Line Capital Partners, LLC	Mezzanine	Private Credit	Yes	415-795-7580
Enhanced Small Business Investment Company, L.P.	New York	NY	Enhanced Capital	Mezzanine	Hybrid	No	212-207-3385
Enlightenment Capital Solutions SBIC Fund, L.P.	Chevy Chase	MD	Enlightenment Capital SBIC, LLC	Mezzanine	Hybrid	No	240-752-9618
EPIC Venture Fund IV, LLC	Salt Lake City	UT	Wasatch Management Partners, LLC	Venture	Venture	No	801-524-8939
Escalate Capital IV, LP	Austin	TX	EC Management Services, Inc.	Direct Lending	Private Credit	No	512-651-2100
Escalate Capital V, L.P.	Austin	TX	EC Management Services, Inc.	Mezzanine	Private Equity	Yes	512-695-0546
Everside SBIC I, L.P.	New York	NY	Everside	Expansion	Hybrid	Yes	646-603-3608
Farragut SBIC Fund II, L.P.	Chevy Chase	MD	Farragut Capital Partners	Mezzanine	Hybrid	No	301-913-5293
Farragut SBIC Fund III, LP	Chevy Chase	MD	Farragut Capital Partners	Mezzanine	Hybrid	Yes	301-913-5293
FCP Fund II, L.P.	Omaha	NE	First Capital Partners	Mezzanine	Hybrid	No	402-718-8868
FCP Fund III, L.P.	Omaha	NE	First Capital Partners	Mezzanine	Hybrid	No	402-718-8868
Fidus Mezzanine Capital III, L.P.	Evanston	IL	Fidus Investment Advisors, LLC	Mezzanine	Hybrid	No	847-859-3938
Fidus Mezzanine Capital IV, L.P.	Evanston	IL	Fidus Investment Advisors, LLC	Mezzanine	Private Credit	Yes	847-859-3938
Firmament Capital Partners SBIC III, L.P.	New York	NY	Firmament	Mezzanine	Hybrid	Yes	212-956-1061
Firmament Partners SBIC IV, L.P.	New York	NY	Firmament	Direct Lending	Private Credit	Yes	212-314-0172
Five Points Capital Partners IV, L.P.	Winston-Salem	NC	Five Points Capital, Inc.	Mezzanine	Hybrid	No	336-733-0355
Five Points Credit SBIC IV, L.P.	Winston-Salem	NC	Five Points Capital, Inc.	Mezzanine	Hybrid	Yes	336-733-2676
Five Points Credit SBIC V LP	Winston-Salem	NC	Five Points Capital, LLC	Mezzanine	Private Credit	Yes	336-733-0350
Five Points Mezzanine Fund III, L.P.	Winston-Salem	NC	Five Points Capital, Inc.	Mezzanine	Hybrid	No	336-733-0355
Frontier Fund I Alpha, L.P.	Arlington	VA	American’s Frontier Management, LLC	Early Venture	Venture	Yes	415-425-3205
GarMark SBIC Fund II, L.P.	Stamford	CT	GarMark Partners	Mezzanine	Hybrid	No	203-325-8500
GarMark SBIC Fund, L.P.	Stamford	CT	GarMark Partners	Mezzanine	Hybrid	No	203-325-8500
Gemini Investors VII, L.P.	Wellesley	MA	Gemini Managers, Inc.	Venture	Venture	Yes	781-237-7001
GMB Mezzanine Capital II, L.P.	Minneapolis	MN	Lakeside Capital Management, Inc.	Mezzanine	Hybrid	No	612-243-4415
GMB Mezzanine Capital III, L.P.	Minneapolis	MN	Lakeside Capital Management, Inc.	Mezzanine	Hybrid	No	612-243-4415
GMB Mezzanine Capital IV, L.P.	Minneapolis	MN	Lakeside Capital Management, Inc.	Mezzanine	Hybrid	No	612-243-4415
GMB Mezzanine Capital V, L.P.	Minneapolis	MN	GMB Capital Partners	Mezzanine	Private Equity	Yes	612-243-4405
GP Capital Partners II, LP	Houston	TX	Genesis Park	Hybrid Debt/Equity	Hybrid	Yes	832-699-5237
GP Capital Partners, LP	Houston	TX	GPCP MGMT, LLC	Direct Lending	Private Credit	Yes	713-489-4650
Granite Creek FlexCap II, L.P.	Chicago	IL	Granite Creek Capital Partners, LLC	Mezzanine	Hybrid	No	312-895-4503
Granite Creek FlexCap III, L.P.	Chicago	IL	Granite Creek Capital Partners	Mezzanine	Hybrid	Yes	312-895-4503
Graycliff Mezzanine II LP	New York	NY	Graycliff Partners	Mezzanine	Hybrid	No	212-300-2903
Graycliff Mezzanine III (SBIC) LP	New York	NY	Graycliff Partners	Mezzanine	Hybrid	No	212-300-2903
Graycliff Mezzanine IV (SBIC) LP	New York	NY	Graycliff Partners	Mezzanine	Hybrid	Yes	212-300-2903
Grayhawk Ventures Fund III, L.P.	Scottsdale	AZ	Grayhawk Capital, LLC	Venture	Growth Equity	Yes	602-615-2489
Hamilton Lane National Small Business Credit Fund, L.P.	Conshohocken	PA	Hamilton Lane Advisors, LLC	Mezzanine	Private Equity	Yes	610-617-5338
Harbert Mezzanine Partners II SBIC, L.P.	Birmingham	AL	Harbert Credit Solutions Funds	Mezzanine	Hybrid	No	205-987-5535
Haven Capital Partners I, L.P.	New York	NY	Haven Capital Partners, LLC	Growth Equity	Hybrid	Yes	917-575-2643
HCAP Partners IV, L.P.	La Jolla	CA	HCAP Partners, LLC	Mezzanine	Hybrid	No	858-259-7654
HCAP Partners V, L.P.	La Jolla	CA	HCAP Partners, LLC	Mezzanine	Hybrid	Yes	858-529-7654
Hercules Capital IV, L.P.	Palo Alto	CA	Hercules Capital, Inc.	Balanced Venture	Hybrid	Yes	857-206-8966
Hercules SBIC V, L.P.	San Mateo	CA	Hercules Capital, Inc.	Venture	Private Credit	Yes	650-289-3060
Hidden River Strategic Capital I, LP	Radnor	PA	Hidden River Strategic Capital	Mezzanine	Hybrid	Yes	484-453-3134
High Street Capital IV SBIC, L.P.	Chicago	IL	High Street Capital	Hybrid Debt/Equity	Hybrid	No	312-423-2650
High Street Capital V SBIC, L.P.	Chicago	IL	High Peaks Management Company, LLC	Hybrid Debt/Equity	Hybrid	No	312-267-2861
High Street Capital VI SBIC, L.P.	Chicago	IL	High Street Capital	Buyout	Hybrid	Yes	312-423-2650
Hoist Capital Partners SBIC I, L.P.	Birmingham	AL	Hoist Capital Partners, LLC	Multiple	Hybrid	Yes	205-427-4565
Holleway IPA Fund II, LP	St Louis	MO	Holleway Capital Partners, LLC	Buyout	Private Equity	Yes	314-249-0496
Holleway IPA Fund, L.P.	St. Louis	MO	Holleway Capital Partners, LLC	Hybrid Debt/Equity	Hybrid	No	314-764-4876
IMB Partners SBIC I, L.P.	Bethesda	MD	IMB Partners	Hybrid Debt/Equity	Hybrid	Yes	240-507-1660
Independent Bankers Capital Fund III, L.P.	Dallas	TX	IBC Funds	Mezzanine	Hybrid	No	214-722-6200
Independent Bankers Capital Fund IV, L.P.	Dallas	TX	IBC Funds	Mezzanine	Hybrid	Yes	214-722-6203
Innovate Capital Growth Fund, L.P.	Philadelphia	PA	Innovate Capital Partners LLC	Growth Equity	Growth Equity	Yes	215-895-4005
Invision Capital II, L.P.	Chicago	IL	Invision Management , Inc.	Mezzanine	Hybrid	No	312-543-3363
Invision Capital III-A, L.P.	Chicago	IL	Invision Management, Inc.	Mezzanine	Hybrid	Yes	312-543-2430
Ironwood Capital Partners V SBIC, L.P.	Avon	CT	Ironwood Capital	Mezzanine	Hybrid	Yes	860-409-2105
Ironwood Mezzanine Fund III-A LP	Avon	CT	Ironwood Capital	Mezzanine	Hybrid	No	860-409-2101
Ironwood Mezzanine Fund IV-A, L.P.	Avon	CT	Ironwood Capital	Mezzanine	Hybrid	No	860-409-2105
Kansas Venture Capital, Inc.	Overland Park	KS		Mezzanine	Hybrid	No	913-262-7117
Keswick Partners Fund I, L.P.	Tampa	FL	Keswick Partners	Buyout	Hybrid	Yes	614-378-2451
Kian Growth Partners III, L.P.	Charlotte	NC	Kian Capital	Buyout	Growth Equity	Yes	704-943-2501
Kian Mezzanine Partners I, L.P.	Charlotte	NC	Kian Capital	Mezzanine	Hybrid	No	704-943-2501
Kian Mezzanine Partners II, L.P.	Charlotte	NC	Kian Capital Partners, LLC	Mezzanine	Hybrid	No	704-943-2503
KLH Capital Fund III, L.P.	Tampa	FL	KLH Capital Partners, L.P.	Mezzanine	Hybrid	No	813-222-0160
Lafayette Square SBIC, LP	Miami	FL	Lafayette Square	Direct Lending	Hybrid	Yes	786-688-0975
Lafayette Square SSBIC, LP	Miami	FL	Lafayette Square	Direct Lending		Yes	786-688-0975
Lake Country Capital SBIC, LP	Edina	MN	LC2 Partners, LLC	Mezzanine	Hybrid	No	612-800-9947
LBC Small Cap SBIC, L.P.	Radnor	PA	LBC Small Cap	Direct Lending	Private Credit	No	215-883-7143
LCM Healthcare Fund I, L.P.	Dallas	TX	Latticework Capital Management, LLC	Growth Equity	Growth Equity	No	917-676-6742
LFE Growth Fund IV, L.P.	Naples	FL	LFE Capital, LLC	Venture	Venture	Yes	612-752-1801
Lightspring Capital I, L.P.	St. Louis Park	MN	Lightspring Capital Partners, LLC	Hybrid Debt/Equity	Hybrid	Yes	612-289-6614
Lightspring Capital II, LP	Minneapolis	MN	Lightspring Capital Partners, LLC	Hybrid Debt/Equity	Hybrid	Yes	312-560-8178
Lineage Capital II, L.P.	Boston	MA	Lineage Capital, LLC	Hybrid Debt/Equity	Hybrid	No	617-778-0672
Lineage Capital III, L.P.	Boston	MA	Lineage Capital, LLC	Hybrid Debt/Equity	Hybrid	Yes	617-778-0672
LiveOak Venture Partners IA, L.P.	Austin	TX	LOVP Management Services, L.L.C.	Venture	Venture	No	512-413-5886
LNC Partners II – SBIC, L.P.	Reston	VA	LNC Management, LLC	Hybrid Debt/Equity	Hybrid	No	703-651-2149
LNC Partners III-SBIC, L.P.	Reston	VA	LNC Management, L.P.	Hybrid Debt/Equity	Hybrid	Yes	703-651-2149
LO3 SBIC, LP	Nashville	TN	LO3 Capital	Direct Lending	Private Credit	Yes	732-735-5581
LongueVue Capital Partners III, L.P.	Metairie	LA	LongueVue Management Company, LLC	Hybrid Debt/Equity	Hybrid	No	504-293-3610
LongueVue Capital Partners IV, L.P.	Metairie	LA	LongueVue Management Company, LLC	Hybrid Debt/Equity	Hybrid	Yes	504-293-3607
LongWater SBIC Fund I LP	Fargo	ND	LWO LLC	Hybrid Debt/Equity	Hybrid	Yes	469-351-3471
Main Street Capital III, L.P.	Houston	TX	Main Street Capital Corporation	Direct Lending	Private Credit	No	713-350-6039
Main Street Mezzanine Fund, L.P.	Houston	TX	Main Street Capital Corporation	Mezzanine	Hybrid	No	713-350-6039
Maranon Mezzanine Fund III-B, L.P.	Chicago	IL	Maranon Capital, L.P.	Mezzanine	Hybrid	No	312-646-1205
Marquette Capital Fund II, L.P.	St. Louis Park	MN	Marquette Capital, LLC	Mezzanine	Hybrid	No	612-661-3990
McLarty Capital Partners SBIC II, L.P.	New York	NY	McLarty Capital Advisors SBIC, LLC	Mezzanine	Hybrid	No	212-314-0172
McLarty Capital Partners SBIC, L.P.	New York	NY	McLarty Capital Advisors SBIC, LLC	Mezzanine	Hybrid	No	202-956-1061
MCM Capital Partners III Parallel Fund, L.P.	Beachwood	OH	MCM Capital Partners	Buyout	Private Equity	No	216-514-1846
MCM Capital Partners IV, L.P.	Cleveland	OH	MCM Capital Partners	Buyout	Hybrid	Yes	216-514-1846
Medallion Capital, Inc.	Excelsior	MN	Medallion Capital Inc.	Mezzanine	Private Credit	Yes	612-770-3111
Medallion Funding LLC	New York	NY	Medallion Capital Inc.	Direct Lending	Private Credit	No	212-328-2122
Merion Investment Partners III, L.P.	Wayne	PA	Phineas Management, LLC	Mezzanine	Hybrid	No	610-230-0880
Merion Investment Partners IV, L.P.	Wayne	PA	Merion Investment Partners	Mezzanine	Hybrid	Yes	610-230-0880
Midwest Growth Partners IV, L.P.	West Des Moines	IA	Midwest Growth Advisors IV, LLC	Multiple	Private Equity	Yes	515-421-4800
MidWest Mezzanine Fund V SBIC, L.P.	Chicago	IL	Midwest Growth Partners	Mezzanine	Hybrid	No	312-291-7303
Midwest Mezzanine Fund VI SBIC, L.P.	Chicago	IL	Midwest Growth Partners	Mezzanine	Hybrid	No	312-291-7303
Midwest Mezzanine Fund VII SBIC, L.P.	Chicago	IL	Midwest Mezzanine Funds	Mezzanine	Private Credit	Yes	312-291-7303
Mizzen Capital III, LP	Stamford	CT	Mizzen Management, LLC	Direct Lending	Private Credit	Yes	203-376-7958
Mizzen Capital, L.P.	Stamford	CT	Mizzen Management, LLC	Direct Lending	Hybrid	Yes	203-376-7958
Mosaic Capital Investors I, LP	Charlotte	NC	Mosaic Capital Partners, LLC	Mezzanine	Hybrid	No	919-636-6164
Mosaic Capital Investors II SBIC, L.P.	Charlotte	NC	Mosaic Capital Partners, LLC	Direct Lending	Private Equity	Yes	704-626-6431
Mountain State Capital SBIC, L.P.	Morgantown	WV	Mountain State Capital Management LLC	Early Stage	Venture	No	412-401-2909
Mountain Ventures, Inc.	London	KY	na	Direct Lending	Private Credit	No	606-864-5175
Multiplier Capital II, L.P.	Washington	DC	Multiplier Capital, LLC	Direct Lending	Private Credit	No	917-783-3223
Multiplier Capital III, L.P.	Washington	DC	Multiplier Capital, LLC	Direct Lending	Private Credit	Yes	917-783-3223
MV Fund II SBIC, L.P.	Folsom	CA	Moneta Venture LLC	Early Stage	Venture	No	916-270-2704
MV Fund III SBIC, L.P.	Folsom	CA	Moneta Ventures	Early Venture	Venture	Yes	916-529-9210
New Canaan Funding Mezzanine VI SBIC, LP	New Canaan	CT	New Canaan Funding Leverage Mezzanine Advisors, LLC	Mezzanine	Hybrid	No	203-966-1071
New Canaan Funding Mezzanine VII SBIC, L.P.	Naples	FL	New Canaan Funding Leverage Mezzanine Advisors, LLC	Mezzanine	Hybrid	Yes	203-966-1071
New Mountain Finance SBIC II, L.P.	New York	NY	New Mountain Finance Advisors BDC, L.L.C.	Mezzanine	Hybrid	No	212-720-0309
New Mountain Finance SBIC, L.P.	New York	NY	New Mountain Finance Advisors BDC, L.L.C.	Mezzanine	Hybrid	No	212-720-0309
New York Credit SBIC Fund II L.P.	Conshohocken	PA	Hamilton Lane Advisors, LLC	Mezzanine	Hybrid	Yes	610-617-5338
NewSpring Mezzanine Capital III, L.P.	Radnor	PA	NewSpring	Mezzanine	Hybrid	No	610-567-2387
NewSpring Mezzanine Capital IV, L.P.	Radnor	PA	NewSpring	Mezzanine	Hybrid	No	610-567-2387
NewSpring Mezzanine Capital V, L.P.	Radnor	PA	NewSpring Capital	Mezzanine	Hybrid	Yes	610-567-2397
North Atlantic Venture Fund V, L.P.	Portland	ME	North Atlantic Capital Corporation	Mezzanine	Hybrid	No	207-772-4470
NorthCoast Mezzanine SBIC III, L.P.	Minneapolis	MN	NorthCoast Mezzanine, LP	Mezzanine	Hybrid	Yes	612-843-1554
Northcreek Mezzanine Fund II, L.P.	Cincinnati	OH	Northcreek Management, Inc.	Mezzanine	Hybrid	No	513-985-6600
Northcreek Mezzanine Fund III, L.P.	Cincinnati	OH	Northcreek Management, Inc.	Mezzanine	Hybrid	No	513-985-6600
Northcreek Mezzanine Fund IV, L.P.	Cincinnati	OH	Northcreek Management, Inc.	Mezzanine	Private Credit	Yes	513-985-6600
Northstar Mezzanine Partners SBIC II, L.P.	Minneapolis	MN	Northstar Company LLC	Mezzanine	Private Equity	Yes	312-371-5718
Northstar Mezzanine Partners SBIC, L.P.	Minneapolis	MN	Northstar Capital	Mezzanine	Hybrid	Yes	612-371-5718
Norwest Strategic Capital, L.P.	Palo Alto	CA	NVP Associates, LLC	Venture	Venture	No	650-289-2229
o15 Emerging America Credit Opportunities Fund LP	Atlanta	GA	o15 Capital Partners	Direct Lending	Private Credit	Yes	404-422-1500
Oaktree SBIC Fund, L.P.	New York	NY	Oaktree Capital	Direct Lending	Private Credit	Yes	212-284-7848
ONE Bow River National Defense Fund, LP	Colorado Springs	CO	ONE SBIC Fund, LLC	Buyout	Growth Equity	Yes	720-682-2038
Oxer BCP Mezzanine Fund, L.P.	Columbus	OH	Oxer Capital	Mezzanine	Hybrid	No	614-917-7659
Oxer Mezzanine Fund II, L.P.	Columbus	OH	Oxer Capital	Mezzanine	Hybrid	No	614-907-7373
Oxer Mezzanine Fund III, L.P.	Columbus	OH	Oxer Capital	Mezzanine	Hybrid	Yes	614-907-7373
Parliament SBIC Growth Fund, LP	San Juan	PR	Parlaiment Capital	Direct Lending	Private Credit	Yes	787-200-9004
Patriot Capital III SBIC, L.P.	Baltimore	MD	Patriot Capital	Mezzanine	Hybrid	No	443-573-3015
Patriot Capital IV (A), L.P.	Baltimore	MD	Patriot Capital	Mezzanine	Hybrid	No	443-573-3015
Patriot Capital V, L.P.	Baltimore	MD	Patriot Capital	Mezzanine	Hybrid	Yes	443-573-3015
PCI II, L.P.	Lutherville	MD	PCI Capital Management, LLC	Hybrid Debt/Equity	Hybrid	Yes	443-573-3714
Pelham S2K SBIC II, L.P.	New York	NY	Pelham S2K	Direct Lending	Private Credit	Yes	212-603-9766
Pelham S2K SBIC, L.P.	New York	NY	Pelham S2K	Mezzanine	Hybrid	No	212-603-9766
Pelion Ventures V Financial Institutions Fund, L.P.	Salt Lake City	UT	Pelion, Inc.	Venture	Venture	No	801-365-0262
Pelion Ventures VII Financial Institutions Fund, L.P.	Salt Lake City	UT	Pelion, Inc.	Venture	Venture	Yes	801-365-0262
Pelion Ventures VIII Financial Institutions Fund, L.P.	Salt Lake City	UT	Pelion, Inc.	Venture	Venture	Yes	801-365-0262
Petra Growth Fund II, L.P.	Nashville	TN	Petra Capital	Hybrid Debt/Equity	Hybrid	No	615-777-5983
Petra Growth Fund III, L.P.	Nashville	TN	Petra Capital	Hybrid Debt/Equity	Hybrid	No	615-777-5983
Petra Growth Fund IV, L.P.	Nashville	TN	Petra Capital	Mezzanine	Hybrid	No	615-313-5994
Petra Growth Fund V, L.P.	Nashville	TN	Petra Capital	Hybrid Debt/Equity	Hybrid	Yes	615-313-5999
Pharos Capital Partners III-A, L.P.	Brentwood	TN	Pharos Capital Group, LLC	Mezzanine	Hybrid	No	615-234-5522
Pine Street Capital Partners III, L.P.	Albany	NY	PSCP Management, Inc.	Mezzanine	Hybrid	No	518-449-9070
Pine Street Capital Partners IV, L.P.	Albany	NY	Pine Street Capital Partners	Mezzanine	Private Credit	Yes	518-449-9070
Pivotal Capital Fund II, L.P.	Menlo Park	CA	Pivotal Capital Partners, LLC	Mezzanine	Hybrid	Yes	650-233-5402
Plexus Fund IV-A, L.P.	Raleigh	NC	Plexus Capital, LLC	Mezzanine	Hybrid	No	919-256-6355
Plexus Fund IV-B, L.P.	Raleigh	NC	Plexus Capital, LLC	Mezzanine	Hybrid	No	919-256-6355
Plexus Fund IV-C, L.P.	Raleigh	NC	Plexus Capital, LLC	Mezzanine	Hybrid	No	919-256-6355
Plexus Fund V-A, L.P.	Raleigh	NC	Plexus Capital, LLC	Mezzanine	Hybrid	Yes	919-256-6355
Plexus Fund V-B, L.P.	Raleigh	NC	Plexus Capital, LLC	Mezzanine	Hybrid	Yes	919-256-6355
Plexus Fund V-C, L.P.	Raleigh	NC	Plexus Capital, LLC	Mezzanine	Hybrid	Yes	919-256-6355
Plexus Fund VII-A, L.P.	Raleigh	NC	Plexus Capital, LLC	Hybrid Debt/Equity	Private Credit	Yes	919-256-6341
Propel Venture Partners US Fund I, L.P.	San Francisco	CA	Propel Venture Partners Management Co., LLC	Mezzanine	Venture	No	415-794-9634
Providence Investment Partners I LP	Dallas	TX	Providence Investment Managers LLC	Mezzanine	Private Credit	Yes	214-912-0064
QS Capital Strategies II, L.P.	New York	NY	Quilvest Capital Partners	Mezzanine	Hybrid	Yes	212-920-3851
RCS SBIC Fund II, L.P.	Boston	MA	Riverside Investment Management Company, LLC	Hybrid Debt/Equity	Private Credit	Yes	216-535-1768
Renovus Capital Partners II, L.P.	Wayne	PA	Renovus Associates, LLC	Buyout/Growth/Hybrid	Hybrid	No	610-848-7706
Renovus Capital Partners III, L.P.	Wayne	PA	Renovus Capital Partners	Hybrid Debt/Equity	Hybrid	Yes	610-848-7702
Renovus Capital Partners IV SBIC, L.P.	Wayne	PA	Renovus Capital Partners	Buyout	Private Equity	Yes	610-848-7700
Resolute Capital Partners Fund IV, L.P.	Nashville	TN	Resolute Capital Partners	Mezzanine	Hybrid	No	615-665-3636
Resolute Capital Partners Fund V-A, L.P.	Nashville	TN	Resolute Capital Partners	Mezzanine	Hybrid	Yes	615-665-3636
Resolute Capital Partners Fund V-B, L.P.	Nashville	TN	Resolute Capital Partners	Mezzanine	Hybrid	Yes	615-665-3636
Reynolda Equity Partners V, L.P.	Winston-Salem	NC	Five Points Capital, Inc.	Buyout	Private Equity	Yes	336-733-0350
RF Investment Partners SBIC II, L.P.	New York	NY	RF Investment Management Company, LLC	Mezzanine	Hybrid	Yes	212-590-2440
RF Investment Partners SBIC, L.P.	New York	NY	RF Investment Management Company, LLC	Mezzanine	Hybrid	No	212-590-2440
RFE Investment Partners IX, L.P.	Westport	CT	RFE Investment Partners	Hybrid Debt/Equity	Hybrid	Yes	203-966-2800
Ridgeline Ventures Fund II-S L.P.	Memphis	TN	Ridgeline Capital Management, LLC	Early Venture	Venture	Yes	202-670-2550
River Cities Financial Institutions Fund V, L.P.	Cincinnati	OH	River Cities Management, Inc.	Growth Equity	Growth Equity	No	513-621-9700
Riverside Micro-Cap Fund III, L.P.	New York	NY	Riverside Partners, LLC	Hybrid Debt/Equity	Hybrid	No	216-535-1768
Rochefort Ventures LP	West Palm Beach	FL	Rochefort Management LLC	Direct Lending	Private Credit	Yes	917-916-6224
Route 2 Capital Partners SBIC II, L.P.	Greenville	SC	Route 2 Capital Management LLC	Mezzanine	Hybrid	Yes	470-632-1554
Route 2 Capital Partners SBIC, L.P.	Charleston	SC	Route 2 Capital Partners	Mezzanine	Hybrid	No	864-421-5203
Salem Investment Partners IV, Limited Partnership	Greensboro	NC	Salem Investment Partners	Mezzanine	Hybrid	No	704-578-4091
Salem Investment Partners V, Limited Partnership	Greensboro	NC	Salem Investment Partners	Mezzanine	Hybrid	Yes	704-578-4091
Salem Investment Partners VI, Limited Partnership	Greensboro	NC	Salem Investment Partners	Mezzanine	Private Credit	Yes	336-245-4747
Saratoga Investment Corp. SBIC II LP	New York	NY	Saratoga Investment Advisors	Direct Lending	Private Credit	No	212-906-7333
Saratoga Investment Corp. SBIC III LP	New York	NY	Saratoga Investment Advisors	Direct Lending	Private Credit	Yes	212-906-7333
SBJ Fund, LP	Walnut Creek	CA	SBJ Capital	Hybrid Debt/Equity	Hybrid	No	415-848-1990
Seacoast Capital Partners IV, L.P.	Danvers	MA	Seacoast Capital	Hybrid Debt/Equity	Hybrid	No	978-750-1300
Seacoast Capital Partners V, L.P.	Danvers	MA	Seacoast Capital Partners	Hybrid Debt/Equity	Private Credit	Yes	978-750-1300
SharpVue Capital Credit Fund II, L.P.	Raleigh	NC	SharpVue Capital	Mezzanine	Hybrid	Yes	919-890-0528
SharpVue Capital Credit Fund III, L.P.	Raleigh	NC	SharpVue SBIC Management, L.P.	Mezzanine	Private Credit	Yes	919-890-0528
Siguler Guff SBIC Fund II, L.P.	New York	NY	Siguler Guff & Company	Mezzanine	Hybrid	Yes	617-648-2113
Siguler Guff SBIC Fund, L.P.	New York	NY	Siguler Guff & Company	Mezzanine	Hybrid	Yes	617-648-2113
Silver Lake Waterman Fund II, L.P.	Menlo Park	CA	Silver Lake Waterman Mangement Company, LLC	Direct Lending	Private Credit	No	415-525-8705
Silver Lake Waterman Fund III-S, L.P.	Menlo Park	CA	Silver Lake Waterman Mangement Company, LLC	Direct Lending	Private Credit	Yes	415-730-8858
SJF Ventures III, LP	Durham	NC	SJF Management LLC	Expansion	Hybrid	No	919-530-1177
Skyline Investors I, LP	Los Angeles	CA	Skyline Investors	Hybrid Debt/Equity	Hybrid	Yes	720-883-7205
Small Business Community Capital II, L.P.	Norwalk	CT	Small Business Community Capital, LLC	Mezzanine	Hybrid	No	646-206-3284
Sound Growth Partners Fund I, L.P.	Edmonds	WA	Sound Growth Partners Fund 1, GP	Buyout	Private Equity	Yes	301-518-4239
Source Capital Credit Opportunities IV, L.P.	Atlanta	GA	Source Capital, LLC	Direct Lending	Private Credit	Yes	404-249-9330
Source Capital Credit Opportunities V, L.P.	Atlanta	GA	Source Capital, LLC	Direct Lending	Private Credit	Yes	404-249-9330
Southfield Mezzanine Capital II, L.P.	Greenwich	CT	Southfield Mezzanine Associates LLC	Buyout	Private Equity	Yes	203-813-4100
Southfield Mezzanine Capital III LP	Greenwich	CT	Southfield Capital	Mezzanine	Private Equity	Yes	203-813-4100
Southfield Mezzanine Capital LP	Greenwich	CT	Southfield Mezzanine Associates LLC	Buyout	Private Equity	No	203-813-4100
Spell Capital Mezzanine Partners SBIC II, L.P.	Minneapolis	MN	Spell Capital Partners, LLC	Mezzanine	Hybrid	No	612-843-1545
Spring Capital Partners III, L.P.	Lutherville	MD	Spring Capital Partners	Mezzanine	Hybrid	No	410-685-8007
Spring Capital Partners IV, L.P.	Lutherville	MD	Spring Capital Partners	Hybrid Debt/Equity	Hybrid	Yes	410-685-8007
St. Cloud Capital Partners III SBIC, LP	Los Angeles	CA	St. Cloud Capital, LLC	Mezzanine	Hybrid	No	310-475-2700
St. Cloud Capital Partners IV SBIC, L.P.	Los Angeles	CA	St. Cloud Capital, LLC	Mezzanine	Hybrid	Yes	310-475-2700
Star Mountain SBIC Fund II, L.P.	New York	NY	Star Mountain Fund Management, LLC	Direct Lending	Private Credit	Yes	212-810-9044
Star Mountain SBIC Fund, L.P.	New York	NY	Star Mountain Capital	Mezzanine	Hybrid	Yes	646-787-0222
Stellus Capital SBIC II LP	Houston	TX	Stellus Capital Management	Balanced Venture	Hybrid	No	713-292-5414
Stellus Capital SBIC LP	Houston	TX	Stellus Capital Management	Balanced Venture	Hybrid	No	713-292-5414
Stifel North Atlantic AM-Forward, L.P.	Portland	ME	North Atlantic Capital Corporation	Multiple	Private Credit	Yes	207-772-4470
Stonehenge Community Impact Fund, L.P.	Columbus	OH	Stonehenge Community Development, LLC	Hybrid Debt/Equity	Hybrid	Yes	614-545-7244
Stonehenge Growth Equity Fund, L.P.	Tampa	FL	Stonehenge Growth Management, LLC	Growth Equity	Growth Equity	No	813-221-8302
Stonehenge Opportunity Fund III, L.P.	Columbus	OH	Stonehenge Partners Corp.	Hybrid Debt/Equity	Hybrid	No	614-246-2500
Stonehenge Opportunity Fund III-B, L.P.	Columbus	OH	Stonehenge Partners Corp.	Hybrid Debt/Equity	Hybrid	No	614-246-2500
Stonehenge Opportunity Fund IV, L.P.	Columbus	OH	Stonehenge Partners Corp.	Hybrid Debt/Equity	Hybrid	No	614-246-2476
Stonehenge Opportunity Fund V, L.P.	Columbus	OH	Stonehenge Partners	Hybrid Debt/Equity	Hybrid	Yes	614-246-2435
Strategic Equality Fund II, L.P.	New York	NY	Turning Rock Partners	Direct Lending	Private Equity	Yes	212-207-2396
Svoboda Capital Fund IV (SBIC), L.P.	Chicago	IL	Svoboda Capital Partners LLC	Growth Equity	Growth Equity	No	312-267-8751
Tamarix Capital Partners II, L.P.	New York	NY	Tamarix	Direct Lending	Private Credit	Yes	212-430-8400
TCPC SBIC, LP	Santa Monica	CA	Tennenbaum Capital Partners, LLC	Balanced Venture	Hybrid	No	310-899-4954
Tecum Capital Partners II, L.P.	Wexford	PA	Tecum Capital	Mezzanine	Hybrid	No	724-602-4401
Tecum Capital Partners III, L.P.	Wexford	PA	Tecum Capital	Mezzanine	Hybrid	Yes	312-750-3617
Tecum Capital Partners IV, L.P.	Wexford	PA	Tecum Capital Management, Inc. (TMC)	Mezzanine	Hybrid	Yes	724-602-4399
TGEF III, L.P.	Tampa	FL	Topmark Partners	Growth Equity	Growth Equity	Yes	813-221-8302
Tree Line SBIC, LP	San Francisco	CA	Tree Line Capital Partners, LLC	Direct Lending	Private Credit	Yes	415-795-7580
Triad Investments LP	New York	NY	Triad Investments LLC	Multiple	Private Credit	No	212-243-7360
True West Capital Partners Fund II, L.P.	Los Angeles	CA	True West Capital Partners	Mezzanine	Hybrid	No	503-517-4628
True West Capital Partners Fund III, L.P.	Los Angeles	CA	True West Management Company LLC	Mezzanine	Hybrid	Yes	503-517-4628
TTGA SBIC Pioneer Fund I, L.P.	Cincinnati	OH	Navigate Capital Management	Mezzanine	Hybrid	Yes	513-725-1861
TZP SBIC Partners I, L.P.	New York	NY	TZP SBIC Fund Manager I, L.P.	Buyout	Private Credit	Yes	212-398-0300
UMB Capital Corporation	Kansas City	MO	UMB Bank	Multiple	Hybrid	No	816-860-7215
University Ventures, Inc.	New Brunswick	NJ	University Ventures, Inc.	Multiple	Private Credit	No	732-640-2061
Valesco Fund II, L.P.	Dallas	TX	Valesco Industries	Hybrid Debt/Equity	Hybrid	No	214-880-8690
Valesco Fund III, L.P.	Dallas	TX	Valesco Industries	Hybrid Debt/Equity	Hybrid	Yes	214-880-8690
Vocap Partners IV SBIC, L.P.	Vero Beach	FL	Vocap Investment Partners	Growth Equity	Venture	Yes	404-386-0890
Walden Venture Capital VIII SBIC, L.P.	San Francisco	CA	WaldenVC Media II, LLC	Venture	Venture	No	415-273-4242
Wasatch Venture Fund II, LLC	Salt Lake City	UT	Wasatch Management Partners, LLC	Venture	Venture	No	801-524-8936
Wasatch Venture Fund III, L.L.C.	Salt Lake City	UT	Wasatch Management Partners, LLC	Venture	Venture	No	801-524-8939
Wells Fargo Strategic Capital SBIC, L.P.	Charlotte	NC	Wells Fargo Central Pacific Holdings. Inc	Hybrid Debt/Equity	Hybrid	Yes	949-251-4321
Willow Tree Credit Partners SBIC, LP	New York	NY	Willow Tree Credit Partners	Hybrid Debt/Equity	Hybrid	Yes	212-218-1080
Zions SBIC, L.L.C.	Salt Lake City	UT	DWMC II, LLC	Multiple	Hybrid	No	801-524-8939

Frequently Asked Questions

Q: What is an SBIC?
A: An SBIC (Small Business Investment Company) is a privately owned and managed investment fund that’s licensed and regulated by the Small Business Administration (SBA). SBICs provide equity capital, long-term loans, and management expertise to small businesses, bridging the gap between traditional bank financing and venture capital.

Q: How do SBICs work with the SBA?
A: SBICs use their own capital plus funds borrowed with an SBA guarantee to invest in qualifying small businesses. This public-private partnership allows SBICs to leverage their private capital with government-backed funds, typically at a 2:1 ratio, creating a larger pool of capital for small business investments.

Q: What types of financing do SBICs offer?
A: SBICs provide various financing options, including equity investments, mezzanine financing (debt with equity features), and straight debt with terms typically ranging from 3-10 years. The specific investment structures vary by SBIC, with some focusing on specific industries or investment stages.

Q: Does my business qualify for SBIC funding?
A: To qualify for SBIC funding, your business must meet the SBA’s definition of a small business, which generally means having a net worth of less than $19.5 million and average after-tax income of less than $6.5 million for the previous two years. Additionally, your business must be based in the United States and cannot be in certain industries like real estate investment or gambling.

Q: How much funding can I receive from an SBIC?
A: SBICs typically invest between $100,000 and $10 million in a single business, though the exact amount depends on the specific SBIC’s investment strategy and your business needs. The SBA limits the amount any single SBIC can invest in one company to 10% of the SBIC’s total capital.

Q: How do I apply for SBIC financing?
A: Unlike direct SBA loans, you don’t apply to the SBA for SBIC funding. Instead, you apply directly to individual SBICs, each of which has its own application process and investment criteria. Our directory helps you identify SBICs that might be a good match for your industry, location, and funding needs.

Q: What other resources are available for SBA loans?
A: Other resources provided by Bigger Bottom Line include:

Q: How do I get assistance in getting an SBA or other business loan?
A: Contact the experts! We can assist from advising which lenders to submit to all the way through to developing & submitting a complete business loan package and anything in between. Contact us now for a free evaluation.