Due to the lapse of appropriations from December 22, 2018, through January 25, 2019, and the corresponding unavailability of SBIC-WEB during the shutdown, the U.S. Small Business Administration (“SBA”) has announced an updated submission schedule for certain financial report filings.

A small business investment company (“SBIC”) seeking any of the following approvals from the SBA must still submit its annual Form 468 by the regulatory due date of March 31, 2019: (i) greenlight letter for a subsequent fund; (ii) license for a subsequent fund, and the SBIC has filed or anticipates filing a formal application by April 30, 2019; (iii) commitment; (iv) any distribution requiring SBA prior approval; (v) overline; (vi) conflicts of interest; (vii) wind-up plan; or (viii) management change.

SBICs not seeking any of the foregoing approvals are generally asked by the SBA to follow the following submission schedule for Form 468 filings that would otherwise be due on March 31, 2019, and April 30, 2019, unless otherwise notified by the SBA:

The SBA does not expect to approve further extensions but will evaluate requests received prior to the applicable submission date on a case-by-case basis