Business · 02/02/2016

Small Business Investment Companies-Early Stage SBICs: SBA Seeks Experienced Fund Managers for Licensing

The Small Business Administration (SBA) is calling for proposals from experienced early stage fund managers to submit preliminary materials for consideration to be licensed as Early Stage Small Business Investment Companies (SBICs), which can receive up to 100% SBA-guaranteed debenture leverage of up to $50 million, with a requirement to invest at least 50% in early stage small businesses that have never achieved positive cash flow.