On May 2, the U.S. Small Business Administration (SBA) published a Notice, delaying for an additional 90 days the effective date of a recent Final Rule that modifies SBA’s regulations on the ability of a small business...more
The rule has been further delayed to enable SBA to consider further the rule's impact on the SBIC program and its participants, and to make necessary determinations regarding the rule’s effects on SBAs examination and...more
On January 26, the U.S. Small Business Administration (SBA) published a Notice, delaying the effective date of a recent Final Rule that was set to modify SBA’s regulations on the ability of a small business investment company...more
A Small Business Investment Company (SBIC) is a privately owned and operated company that makes long-term investments in American small businesses and is licensed by the United States Small Business Administration (SBA)....more
1/23/2017
/ Community Reinvestment Act ,
Debentures ,
Dodd-Frank ,
Exemptions ,
FDIC ,
Financial Institutions ,
Gramm-Leach-Blilely Act ,
Investment ,
Investment Advisers Act of 1940 ,
Investors ,
Portfolio Companies ,
SBA ,
SBIA ,
SBIC ,
Small Business ,
Startups ,
Venture Capital
New SBA rule affects the holding company and the blocker corporation exceptions for SBICs’ financing passive businesses. On December 28, the U.S. Small Business Administration (SBA) released a Final Rule modifying its...more
1/6/2017
/ Blocker Corporations ,
Fees ,
Final Rules ,
Financing ,
Holding Companies ,
Passive Activity ,
Required Forms ,
SBA ,
SBIC ,
Small Business ,
UBTI
The proposed rule reflects SBA’s intent to continue licensing and providing SBA-guaranteed leverage to Early Stage SBICs beyond the initial five-year term previously announced.
On September 19, the U.S. Small Business...more
10/5/2016
/ Applications ,
Comment Period ,
Debentures ,
Early Stage Companies ,
Innovation ,
Investment ,
Job Creation ,
Licensing Rules ,
SBA ,
SBIC ,
Small Business ,
Startups
On June 2, the U.S. Small Business Administration (SBA) distributed a memorandum from Steve Knott, acting director of the SBA’s Office of SBIC Operations, reminding private funds licensed by the SBA as small business...more
SBA will generally evaluate applicants for Early Stage SBIC licenses using the same factors used for other SBIC applicants, but with a particular emphasis on the managers’ skills and experience in investing in early stage...more
A Small Business Investment Company (SBIC) is a privately owned and operated company that makes long-term investments in American small businesses and is licensed by the United States Small Business Administration (SBA)....more
New Capital Certificates or certification letters are to be submitted by filing deadlines associated with ranges based on unfunded commitments from Institutional Investors.
On June 4, the U.S. Small Business...more
Call Notice and Application Process -
On January 12, the U.S. Small Business Administration (SBA) issued a “Call for Early Stage Fund Managers” in the Federal Register, inviting all interested early stage fund managers...more