SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED MORE THAN $270 MILLION IN ALABAMA OVER THE LAST 5 YEARS.
Small Business Investment Company Impact in Alabama
- SBICs have invested in 33 small businesses in Alabama since 2018.
- SBICs have invested $270.8 million in Alabama small businesses since 2018, with nearly $73 million invested in FY 2022 alone.
- Alabama businesses that received financing from SBICs in 2022 supported 1,197 employees.
A sampling of the Alabama-based companies that have received SBIC financing:
MaxVision, Rugged Portable Computers, LLC (Madison)
MaxVision, Rugged Portable Computers LLC, founded in 1993, is a leading producer of high performance rugged portable workstations and server product to meet specific needs of the military C4ISR, portable surveillance, portable data capture, portable video recording, and forensic analysis. The company’s products are customizable to meet end user needs and include the MaxPac, MaxRax, and MaxCube registered trade names.
- Â SBIC Investment: $13,222,173
Command Alkon Incorporated (Birmingham)
Command Alkon is a global supplier of integrated solutions for construction materials producers, with customers in over 70 countries worldwide. Focusing on industry-specific hardware and software systems for producers, suppliers and haulers of ready-mixed concrete, concrete products, aggregate, asphalt, and cement, Command Alkon couples innovative technologies and over 37 years of industry expertise to deliver products and services that improve business operations in plants and quarries around the globe.
- SBIC Investment: $5,000,000
Renovation Brands LLC (formerly Net Direct Merchants LLC) (Florence)
Renovation Brands is a manufacturer and marketer of high-quality home and commercial improvement products. The company is focused on marketing high quality products to consumers and professionals via its specialized niche web properties, catalogs, and direct-to-trade programs. Professional clients include architects, builders, and interior designers. The firm has been recognized as an Inc. 500 fastest growing private company (2007) and is currently listed among the Internet Retailer Top 500 based on total revenue.
- SBIC Investment: $3,996,000