SEC to Consider Radical Changes to SBA Investment Program!

Key points:

• SEC Advisory Committee to Review Recent Changes to SBA Investment Program
• Scheduled for July 30, 2024, live streaming will be available at www.sec.gov.

The agenda for the July 30, 2024, in-person meeting of the SEC’s Small Business Capital Advisory Committee will be devoted to a detailed review of recent amendments to the Small Business Administration’s (SBA) investment program.

The meeting will be webcast on www.sec.gov, allowing any interested party to listen to the discussion.

The sole mandate of the Committee is to advise the Commission on matters relating to small business regulations and policies. Since the business is small, the Committee will begin the session by looking at where small businesses have obtained their capital to operate and what the scenario is. The responses of the Committee members on the challenges and opportunities in the business sector will accompany this session.

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SEC to review latest changes to SBA investment program

Most of the meetings will focus on recent programmatic enhancements to the SBA’s investment program. Specifically, recent program enhancements will help expand access to capital and diversify the types of financing available to small businesses, startups, and fund managers across the U.S. SBICs are private investment funds licensed by the SBA’s investment program that make vital investments in American small businesses. They leverage SBA-guaranteed loans and their private capital to multiply their investment opportunities.

Insights will host these in-depth discussions from a representative of the SBA’s Fund Investment Program and a practitioner with expertise in the program’s regulatory framework. Other topics include an overview of recent program changes, the introduction of new types of SBA-guaranteed loans, and an assessment of the overall regulatory environment governing SBIC operations.