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ARTICLE · 08 JUNE 2012

SBA Issues June 19 Call Notice For Track 2 Early Stage Fund Managers

McGuireWoods LLP
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In connection with the U.S. Small Business Administration’s (SBA) commitment of up to $1 billion in available leverage to Early Stage Small Business Investment Company (SBIC) Funds over a five year period,

United StatesFinance and Banking
Mark Kromkowski
Mark Kromkowski
Bryan Bylica
Bryan Bylica
Allison Gott
Allison Gott
Samuel Esan
Samuel Esan

In connection with the U.S. Small Business Administration's (SBA) commitment of up to $1 billion in available leverage to Early Stage Small Business Investment Company (SBIC) Funds over a five year period, SBA has issued a Call Notice for Early Stage fund managers interested in forming an SBIC fund to be licensed as an Early Stage SBIC Fund.

To expeditiously license qualified applicants that have raised the requisite capital for an Early Stage SBIC License, SBA has divided applicants into two tracks based on applicants' committed capital. Track 1 will apply to applicants with signed commitments for at least $15 million in Regulatory Capital and with "soft-circled" commitments for the remaining capital needed to reach the minimum of $20 million in Regulatory Capital. Track 2 will apply to all other applicants.

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