SBIC Services

Financial Leadership for Emerging Funds

From Green Light to ongoing operations, LiftBridge helps SBIC fund managers navigate financial infrastructure set-up, SBA compliance, financial reporting, and fund operations with experienced fractional CFO leadership.

Schedule an SBIC Readiness Call

From Green Light to Ongoing Operations

Launching an SBIC fund involves far more than raising capital. Once you’ve received your Green Light, you’ll navigate licensing, regulatory reporting, investor communications, leverage requests, and ongoing SBA compliance.

Many emerging fund managers have exceptional investment teams—but limited experience managing the operational and financial responsibilities unique to an SBIC.

That’s where LiftBridge comes in.

We provide experienced financial leadership throughout your SBIC journey, helping your team establish the right processes from the beginning and avoid costly compliance mistakes later.

Why Emerging SBIC Funds Choose LiftBridge?

Unlike general fractional CFO firms, LiftBridge specializes in the unique operational, regulatory, and financial requirements of SBIC funds.

Our clients choose us because we offer:

  • Deep expertise in SBA regulations and SBIC operations
  • Former SBIC CFO leadership with decades of real-world experience
  • Hands-on experience managing multiple SBA examinations
  • Practical guidance tailored specifically to emerging fund managers
  • Flexible fractional support without the cost of a full-time executive
  • Collaboration with legal counsel, auditors, fund administrators, and investors throughout the fund lifecycle

We don’t replace your existing advisors—we help coordinate them.

LiftBridge serves as the financial hub that keeps your SBIC operating smoothly while ensuring your entire advisory team remains aligned.

Meet Your SBIC CFO

Jackie Byers, CPA

Jackie Byers, CPA, brings nearly 40 years of accounting, finance and private equity leadership to LiftBridge.

Before joining LiftBridge, Jackie served as the Chief Financial Officer and Chief Compliance Officer of Centerfield Capital Partners, where she managed accounting, treasury, investor reporting, portfolio valuation, audit coordination, tax and all Small Business Association (SBA) reporting for multiple licensed Small Business Investment Company (SBIC) funds.

Jackie’s SBIC Experience:

  • Managed numerous SBA examinations
  • Extensive experience with SBA reporting requirements
  • Former co-leader of a national network of SBIC CFOs
  • Licensed CPA with Big Four public accounting experience
Learn More about Jackie
Jackie Byers, SBIC CFO
LiftBridge’s SBIC Fund CFO Services

Compliance and Operational Support for SBICs

Specialized expertise for the complex world of SBIC funds. Our team delivers the strategic guidance, training, and implementation support you need—exactly when you need it—allowing your team to focus on investment activities while ensuring impeccable SBA compliance.

Strategic Advisory

Specialized guidance to navigate complex SBIC requirements and optimize your fund operations for SBA compliance.

  • Guide through SBIC Application process
  • Tailor a Compliance Calendar
  • Create processes for SBA Compliance
  • Design reporting frameworks that satisfy regulators and investors

Staff Training

Let the LiftBridge team train-up your team to meet SBA requirements with confidence and efficiency.

  • Form 1031 Preparation
  • Update Capital Certificate
  • Quarterly Form 468
  • SBA Examination Process

Fractional Services

Hands-on implementation of critical SBIC reporting and compliance functions without full-time overhead costs.

  • Prepare Form 468
  • Compile consolidated 1031 quarterly reports
  • Maintain capital certificates
  • Manage SBA leverage draw requests
  • Develop commitment request documentation

Our Clients love us!

“Your Guidance has been incredible navigating our first go at the Form 468. The auditors are wrapping up their final reviews and they didn’t have any questions.“
Christie Wetzel

Director of Fund Operations

Frequently Asked Questions

Form 468 is the primary quarterly financial report submitted to the SBA by licensed SBIC funds. It provides detailed financial, operational, and portfolio information required for ongoing regulatory compliance.

A Small Business Investment Company (SBIC) is a privately managed investment fund licensed by the U.S. Small Business Administration (SBA) to provide debt and equity financing to qualifying small businesses. SBICs combine private capital with SBA-backed leverage to expand investment capacity.

SBICs use their own funds and SBA-guaranteed funding to invest in small businesses. The SBA-guaranteed funding is a loan that matches (up to 2x) the amount of private capital raised by the SBIC. SBICs provide low-cost capital to small businesses in the form of equity and debt

Many fund managers engage LiftBridge shortly after receiving Green Light or during the licensing process. Establishing strong financial processes early helps avoid compliance issues later and creates a smoother path through licensing, reporting, and future SBA examinations.

Not necessarily. Many emerging SBIC funds benefit from a fractional CFO model that provides experienced financial leadership without the cost of a full-time executive until the fund reaches greater scale.

Form 1031 reports investment activity and portfolio information required by the SBA. Accurate preparation is essential to maintaining compliance throughout the life of the fund.

The SBA periodically examines licensed SBIC funds to review financial reporting, compliance, internal controls, portfolio activity, and operational practices. Proper preparation significantly reduces the time and disruption associated with an examination. See the SBA website for additional information.

Yes. We regularly train internal accounting teams on SBA reporting requirements, compliance processes, and operational best practices so your organization becomes increasingly self-sufficient over time.

Every engagement is tailored to your fund’s needs. Some clients engage us once they secure their green light to help build their financial infrastructure, while others rely on us for ongoing quarterly reporting, fractional CFO leadership, SBA examination support, or specialized compliance projects for their already established funds.

Ready for the Next Step?

Whether you’ve recently received your Green Light, are preparing for licensing, or need experienced financial leadership for an existing SBIC fund, LiftBridge can help.

Our team has been in your shoes and understands the operational challenges unique to SBIC funds.
Let’s build the financial foundation your fund needs for long-term success.