The U.S. Small Business Administration, facing criticism for a slowdown in licensing times in the Small Business Investment Company program, is working on a series of fixes to improve the efficiency of the process.

The SBIC program, which provides government-backed leverage for GPs that invest in equity and debt of qualifying small businesses, has broad bipartisan support as a cost-effective way to help small businesses and spur economic growth.

But investment professionals have been frustrated by the recent administration of the program, complaining that long wait times for SBIC licenses have made the program less appealing to both GPs and their LP investors.

Read the full article, published by Buyouts: https://bit.ly/2FgJuag