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 | 11 Apr 2014
The US Small Business Administration (the "SBA") extended the deadline for small business investment companies ("SBICs") to submit electronic versions…
Locke Lord LLP | USA | 9 Apr 2014
The U.S. Small Business Administration ("SBA") extended the deadline for early stage fund managers to file a Management Assessment Questionnaire…
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 | 9 May 2013
On May 8, 2013, the U.S. Small Business Administration ("SBA") issued Memorandum #2013-1 regarding annual recertification of the Institutional…
Locke Lord LLP | USA | 8 Mar 2013
The U.S. Small Business Administration (the "SBA") recently issued new instructions governing the draw request (a "Draw Request") that small business…
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 | 24 Feb 2012
Pursuant to the regulations governing Small Business Investment Companies (“SBICs”), an SBIC is permitted to make a controlling investment in a portfolio company.
Locke Lord LLP | USA | 14 Dec 2011
On January 31, 2011, President Obama announced an initiative called “Start-up America,” which is a program designed to promote high-growth entrepreneurship in the United States.
Locke Lord LLP | USA | 25 Oct 2011
In response to Industry concerns, the U.S. Small Business Administration (SBA) has revised the reporting requirements of SBA form 468 in an effort to reduce the compliance burdens on Small Business Investment Companies (SBICs).