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SBA creates “fast track” SBIC licensing process for repeat funds
  • Locke Lord LLP
  • USA
  • November 11 2009

On November 2, 2009, the Small Business Administration’s ("SBA") Office of Investment released TechNote 14 ("Fast Track Process for Small Business Investment Companies Seeking a Subsequent License"), which implements an expedited review process for evaluation and approval of Small Business Investment Company ("SBIC") license applications for applicants operated by managers of current SBICs