Op-Ed: How Kelly Loeffler can be a small business champion
The Washington Reporter
Op-Ed: How Kelly Loeffler can be a small business champion
Jan 28, 2025
By Brett Palmer, President of the Small Business Investor Alliance
Below is an excerpt from an opinion piece by SBIA President Brett Palmer published in The Washington Reporter:
Former U.S. Senator, business owner, and the likely new leader of the Small Business Administration (SBA), Kelly Loeffler, has an immediate opportunity to help small business owners turn their hopes into action by fully using one of the most successful and least known SBA tools, the Small Business Investment Company (SBIC) program....
...SBIC funds operate without government subsidies. In fact, SBICs are regularly running over a $100 million-a-year surplus back to the government in excess fees and that does not even factor in the increased taxes from growing businesses and employment. SBICs align the public interest with the private markets and thus generate market-driven returns and repay the SBA in full when they realize their investments. DOGE should look at the SBICs as the model of effective government.
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About the Small Business Investor Alliance
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 65 years. For more information, visit www.SBIA.org or call (202) 628-5055.
About Small Business Investment Companies
Small Business Investment Companies are highly regulated, venture capital and private equity funds that invest exclusively in domestic small businesses to help them grow and create American jobs. SBICs pursue investments in a broad range of industries, geographic areas, and stages of investment. Since its inception, the Small Business Investment Company program has facilitated access to patient capital for tens of thousands of small businesses and has created millions of American jobs. The SBIC program is one of the best examples of a public-private partnership, matching federal funding with experienced private investors to support domestic small business growth at zero risk to the American taxpayer.
