SBA Institutes Inflation Adjustments to SBIC Program Fees

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The U.S. Small Business Administration has announced increases to licensing and examination fees relating to the Small Business Investment Company program by way of an annual inflation adjustment. The new fees, set forth in the table below, will go into effect on October 1, 2021. All SBIC licensees undergoing examination, and groups submitting applications for SBIC licenses, should be certain to submit payments in accordance with the updated fee schedule from and after the October 1 effective date. 

Initial Licensing Fee § 107.300(a)

$10,500

Final Licensing Fee § 107.300(b)

$36,900

Examination Fees (§ 107.692(b))

Minimum Base Fee

$9,500

Maximum Base Fee for Non-Leveraged SBIC

$31,600

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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