Rand Capital SBIC, a subsidiary of Rand Capital Corporation, provides a range of venture capital services. It is licensed by the Small Business Administration (S.B.A.) and is designed to stimulate the flow of private debt and equity capital to small businesses. The company uses funds borrowed from the Small Business Administration together with its own capital to provide loans and make equity investments. Rand Capital Corporation, founded in 1969, is a registered, closed-end management investment corporation that invests in the securities of businesses. It provides management services to support the growth and development of businesses in various industries. The company employs a chief executive officer, president, controller and finance manager.