SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED NEARLY $680 MILLION IN MICHIGAN OVER THE LAST 5 YEARS.
Small Business Investment Company Impact in Michigan
- SBICs have invested in 143 small businesses in Michigan since 2018.
- SBICs have invested $679.5 million in Michigan small businesses since 2018, with $241.5 million invested in FY 2022 alone.
- Michigan businesses that received financing from SBICs in 2022 supported 3,966 employees.
A sampling of the Michigan-based companies that have received SBIC financing:
Secure-24, LLC (Southfield)
Secure-24 has 17 years of experience delivering managed IT operations, application hosting, and comprehensive managed cloud services to enterprises worldwide. Its industry-leading client satisfaction rates result from comprehensive service level agreement and a focus on superior service and support. The company is an SAP Certified Hosting, HANA, and Cloud partner and an Oracle Platinum Partner managing Oracle E-Business Suite, PeopleSoft, JD Edwards, and Hyperion applications across all industries for business of every size. Secure-24 has been named one of Computerworld’s 100 Best Places to Work in IT for five consecutive years.
- SBIC Investment: $9,288,000