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SBA releases SBIC funds limited partners’ recertification notice

USA - June 9 2015 The United States Small Business Administration (SBA) released its annual recertification notice on June 4, 2015. Small Business Investment Company…

J. Kevin Boardman, Mark A. Kromkowski, Patrick T. Zanayed

Spring 2015 SBIC debenture coupon rates move lower to 2.517% in largest SBIC offering

USA - March 24 2015 In March 2015, the SBIC Funding Corporation completed a pooling of SBA debentures in the amount of $1.16 billion, the largest pooling in the program’s…

Mark A. Kromkowski

SBA issues call for early stage fund managers

USA - February 5 2015 On January 12, 2015, the Small Business Administration (SBA) extended an invitation for all early-stage fund managers to apply for the Early Stage…

Mark A. Kromkowski, Patrick T. Zanayed

SBIC Advisers Relief Act of 2014 lowers regulatory costs of SBIC advisers

USA - December 9 2014 On December 2, 2014, the House of Representatives passed the SBIC Advisers Relief Act of 2014 (SBIC Relief Act). The House also passed the Promoting…

J. Kevin Boardman, Mark A. Kromkowski, Courtney P. Mitchell, Patrick T. Zanayed

SBA final rule permits SBIC fund to utilize two passive small businesses as pass-through entities

USA - December 3 2014 Effective November 20, 2014, an SBIC fund may now utilize two levels of passive small businesses as pass-through entities before the investment…

Jon W. Finger, Mark A. Kromkowski, David P. McLean