Locke Lord LLP | USA | 5 Jun 2015
On June 4, 2015, the U.S. Small Business Administration (SBA) issued Memorandum #1 - 2015, Annual Recertification, regarding annual recertification…
Locke Lord LLP | USA | 21 Mar 2014
The March 2014 pooling of Small Business Investment Company ("SBIC") debentures was priced at 3.191%. This most recent semi-annual pricing of SBIC…
Locke Lord LLP | USA | 30 Jul 2013
On July 25, 2013, the U.S. Small Business Administration ("SBA") issued a notice to Small Business Investment Companies ("SBICs") that the procedures…
Locke Lord LLP | USA | 8 Jul 2013
The U.S. Small Business Administration (the "SBA") recently issued an updated TechNote 4, which clarifies how Small Business Investment Companies…
Locke Lord LLP | USA | 20 Feb 2013
On February 12, 2013, the SBA issued SBIC TechNote 17, which provides guidance on the criteria the SBA will consider in determining whether two or…
Locke Lord LLP | USA | 9 Oct 2012
On October 4, 2012, the U.S. Small Business Administration (“SBA”) issued a notice revising the semi-monthly leverage draw application schedule for Small Business Investment Companies (“SBICs”) during the upcoming holiday season as follows.
Locke Lord LLP | USA | 20 Sep 2012
The September 2012 pooling of Small Business Investment Company (“SBIC”) debentures was priced at 2.245%, which is the lowest pricing of debentures in the history of the SBIC program.
Locke Lord LLP | USA | 12 Jan 2011
On January 3, 2011, the SBA announced a new policy governing its approval of buyouts of active SBICs that have outstanding participating securities leverage.