News & Analysis as of

SBIC

K&L Gates LLP

United States: Potential Increase to Debenture Limit for Levered Small Business Investment Companies (SBICs)?

K&L Gates LLP on

Small Business Investment Companies (SBICs), which invest in qualifying small businesses in the United States, are eligible to receive Small Business Administration (SBA)-guaranteed debentures at favorable rates to finance...more

Cooley LLP

DoD and SBA Approve First Set of Critical Technology SBICs

Cooley LLP on

On October 22, 2024, the Department of Defense (DoD) and the Small Business Administration (SBA) announced approval of 13 inaugural small business investment company (SBIC) licensees and so-called green light approved...more

McDermott Will & Emery

What Private Equity Companies Should Know About the SBA’s Proposed Size Standard Recertification Rule

McDermott Will & Emery on

The US Small Business Administration (SBA) recently issued a proposed rule impacting the ability of small business government contractors to continue performance of set-aside awards following a merger or acquisition. The...more

Troutman Pepper Locke

More Than $1.24B in SBA Debenture Leverage Priced at 4.38%

Troutman Pepper Locke on

Licensed by the U.S. Small Business Administration (SBA) under the Small Business Investment Act of 1958, a small business investment company (SBIC) represents a privately owned and operated investment fund that makes...more

Potomac Law Group, PLLC

When is the Size of Your Business Determined for SBA Purposes?

If you are a business owner who is interested in applying for SBA financial assistance or participating in SBA programs such as the 8(a) Business Development Program, HUBZone, WOSB, EDWOSB, VOSB, or SDVOSB, you may be...more

Cadwalader, Wickersham & Taft LLP

SBICs – A Tradition (Mostly) Unlike Any Other? April 2024 - Revised SBA Rules Move Cap Call Lending Closer, But Still a Bridge Too...

When the U.S. Small Business Administration’s (“SBA’s”) revised rules for its Small Business Investment Company (“SBIC”) program went into effect last August, it looked like a greenfield market for capital call financing had...more

Troutman Pepper Locke

More Than $1.6B in SBA Debenture Leverage Priced at 5.035%

Troutman Pepper Locke on

Licensed by the U.S. Small Business Administration (SBA) under the Small Business Investment Act of 1958, a small business investment company (SBIC) represents a privately owned and operated investment fund that makes...more

Eversheds Sutherland (US) LLP

New SBA tax blocker exception for BDCs with dropdown SBICs

On January 19, 2024, the US Small Business Administration (SBA) created a new exception applicable to business development companies (BDCs) with wholly owned small business investment companies (SBICs) that will allow use of...more

Hogan Lovells

SBIC Program Updates: SBA Proposes Technical Amendments to 2023 Reforms and Significant Change to Passive Business Rule

Hogan Lovells on

In July 2023, the U.S. Small Business Administration (SBA) released sweeping reforms to the Small Business Investment Company (SBIC) program. Many of those reforms were enacted through the Small Business Investment Company...more

PilieroMazza PLLC

Focus on SBA’s SBIC Program, Part 3: Demystifying the Intricacies of the SBIC Application Process

PilieroMazza PLLC on

The Small Business Investment Company (SBIC) program is emerging as a powerful financial tool for small business government contractors seeking a transformative approach to financing and growth. This third blog in the series...more

Troutman Pepper Locke

Amendments and Clarifications to the Small Business Investment Company Investment Diversification and Growth Rules

Troutman Pepper Locke on

On January 19, the U.S. Small Business Administration (SBA) published a direct and final rule (the rule), including substantive and technical amendments and clarifications to the Small Business Investment Company Investment...more

PilieroMazza PLLC

Focus on SBA’s SBIC Program, Part 2: Decoding Regulations and Pre-Application Considerations for Small Business Government...

PilieroMazza PLLC on

This second installment of PilieroMazza’s blog series “Focus on SBA’s SBIC Program” explores regulations governing SBIC status and considerations for potential applicants...more

Troutman Pepper Locke

Description of the Small Business Investment Company Debenture Program — Updated October 2023

Troutman Pepper Locke on

The SBIC Program - 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 U.S. Small Business Administration...more

Eversheds Sutherland (US) LLP

SBA modernizes the SBIC program

On July 13, 2023, the US Small Business Administration (SBA) finalized major revisions to the regulations governing the small business investment company (SBIC) program (Final Rule). The updated regulations represent the most...more

PilieroMazza PLLC

Weekly Update for Government Contractors and Commercial Businesses – August 2023 #5

PilieroMazza PLLC on

Small Business Administration (SBA) Releases Interim Guidance to 8(a) Program Participants in Light of Lower Court Ruling - The SBA released interim guidance regarding the 8(a) Business Development Program in light of a...more

PilieroMazza PLLC

Focus on SBA’s SBIC Program, Part 1: Increasing Manufacturing and Supply Chain Opportunities for Small Business Government...

PilieroMazza PLLC on

PilieroMazza presents a series of blogs exploring the intricacies of the Small Business Administration’s (SBA) Small Business Investment Company (SBIC) program. This first installment covers the Biden Administration’s AM...more

PilieroMazza PLLC

Weekly Update for Government Contractors and Commercial Businesses – August 2023 #4

PilieroMazza PLLC on

SBA to Require Individually-Owned 8(a) Firms to Support Social Disadvantage Prior to 8(a) Award Approval - As PilieroMazza recently reported, on July 19, 2023, the U.S. District Court for the Eastern District of Tennessee...more

Morrison & Foerster LLP - Government...

SBA Finalizes Rule To Modernize The SBIC Program

The U.S. Small Business Administration (SBA) finalized a rule to modernize the Small Business Investment Company (SBIC) Program on July 17, 2023. Part of President Biden’s Investing in America agenda, the new SBIC Investment...more

Hogan Lovells

SBA finalizes significant reforms to SBIC program - Changes introduce new Accrual SBIC for equity investors and a Reinvestor SBIC...

Hogan Lovells on

The U.S. Small Business Administration (SBA) finalized wide-ranging revisions to the regulations governing the small business investment company (SBIC) program on Thursday, July 13, 2023. Among other things, the changes...more

Polsinelli

SBA New Final Rule Establishes Accrual SBIC License and Implements Significant Changes to SBIC Regulations

Polsinelli on

The Small Business Administration (the “SBA”) published a final rule on July 18, 2023, implementing significant changes to reduce barriers to program participation and address Small Business Investment Company (“SBIC”)...more

Bradley Arant Boult Cummings LLP

SBA Finalizes Rule on Increased Size Standards and Program Thresholds

The U.S. Small Business Administration (SBA) recently issued a rule that finalizes, without change, the SBA’s November 17, 2022 interim provisions that adjusted monetary-based industry size standards (i.e., receipts-and...more

Schwabe, Williamson & Wyatt PC

SBA Adopts Rule to Increase Monetary-Based Size Standards

On Wednesday, July 19, 2023, the Small Business Administration (“SBA”) published a final rule permanently adopting a 13.65 percent (13.65%) increase in the monetary-based size standards for SBA small business programs. The...more

Troutman Pepper Locke

Description of the Small Business Investment Company Debenture Program — Updated May 2023

Troutman Pepper Locke on

The SBIC Program - 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 U.S. Small Business...more

Troutman Pepper Locke

Description of the Small Business Investment Company Program Participation by Unleveraged Funds — Updated May 2023

Troutman Pepper Locke on

The SBIC Program - 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 U.S. Small Business...more

Troutman Pepper Locke

New DOD/SBA Initiative Builds Technology Critical to National Security

Troutman Pepper Locke on

In late 2022, the U.S. Department of Defense's new Office of Strategic Capital (OSC) and the U.S. Small Business Administration (SBA)'s Office of Investment and Innovation (OII) launched a joint venture, the Small Business...more

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