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ARTICLE · 19 APRIL 2011

Impact Investment SBIC Funds Receive Additional Guidance From SBA

McGuireWoods LLP
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Small Business Investment Companies (SBIC Funds) interested in applying to the U.S. Small Business Administration's (SBA) Start-Up American Impact Investment SBIC Initiative will be placed on an expedited licensing track and have received additional guidance from the SBA.

United StatesStrategy
Mark Kromkowski
Mark Kromkowski
Bryan Bylica
Bryan Bylica
Geoffrey Cockrell
Geoffrey Cockrell
Allison Gott
Allison Gott
Charles Cavallo III
Charles Cavallo III
Michael Lusk
Michael Lusk

Small Business Investment Companies (SBIC Funds) interested in applying to the U.S. Small Business Administration's (SBA) Start-Up American Impact Investment SBIC Initiative will be placed on an expedited licensing track and have received additional guidance from the SBA.

Impact Investment Fund Commitment

SBA will commit $1 billion to SBIC Funds that are later stage/mezzanine private equity funds that invest growth capital in impact investments. Impact Investment SBIC Funds may be eligible for SBA-guaranteed debenture leverage of up to three times their private capital, subject to a maximum debenture ceiling per Impact Investment (as of the date of this memorandum, $80 million) and the following additional restrictions:

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