Samuel J. Boyd, Jr. joined the U.S. Small Business Administration, Investment Division on June 4, 2012 as the Director of the Office Program Development (OPD). In this role, Mr. Boyd is in charge of managing all SBIC program front end engagements with prospective SBIC applicants and institutional investors, to include pre-screening and advisory. He is also responsible for creating and executing SBIC’s outreach strategy and ensuring it aligns with the agency’s overall goals and objectives. OPD also assesses Management Assessment Questionnaires (MAQs) of SBIC applicants and prepares the applications for presentation to the SBIC Investment Committee. This critical phase of the SBIC applicant review process entails analyzing MAQs to determine if the SBIC program is a fit regarding team, strategy, capital structure and track record Mr. Boyd is a voting member of both the SBIC Investment and Licensing Committees.

Immediately prior to joining the SBIC program, Mr. Boyd served as the President & CEO of the National Association of Investment Companies (NAIC), the private equity trade association for firms that represent or invest in the underserved market. Mr. Boyd has an MBA from the Darden Graduate School of Business at the University of Virginia and a BS in Civil Engineering from North Carolina A&T State University.

The purpose of the Small Business Investment Company (SBIC) program is to stimulate and supplement the flow of private equity capital and long term loans to small business concerns. The SBA does not invest directly into small businesses, but provides SBA guaranteed leverage to privately owned and managed investment funds managed by professional investors.

Once licensed, these investors use private capital plus funds borrowed with an SBA guarantee to make investments in qualifying businesses. A licensed SBIC in good standing can receive leverage as much as three times its private capital up to a maximum of $175 million. Typically, an SBIC licensee would receive two times leverage up to a maximum of $175 million, effectively tripling its capital base. All leverage is subject to credit policies.