Description Waterside Capital is a closed-end, small-business investment company (SBIC) licensed by the Small Business Administration (SBA). The firm invests in debt securities of midsized, privately owned companies in the mid-Atlantic US to help them to expand; it also provides long-term business loans. Its typical investment ranges from $500,000 to $3 million. The firm's portfolio includes stakes in about a dozen companies in such diverse industries as business services, apparel, entertainment, health care, manufacturing, and technology. Waterside Capital defaulted on debentures guaranteed by the SBA and is liquidating its portfolio in order to repay the arrears.