The SBA said its small business investment company debenture program provided a record $2.95 billion to small businesses in fiscal year 2012.

That was a 14% increase over last year's $2.59 billion and an 85% increase over 2010, also a record year, according to the SBA.

The SBIC program was created in 1958 to stimulate the growth of America's small businesses by supplementing the long-term debt and private-equity capital available to them, the agency said.

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