Business · 19/01/2024

SBA Updates Small Business Investment Company Investment Diversification and Growth Rule to Expand Access to Capital for Underserved Businesses

The Small Business Administration (SBA) has issued a direct final rule to clarify and update the Small Business Investment Company Investment Diversification and Growth final rule, which aims to reduce barriers to program participation for new SBIC fund managers and funds investing in underserved communities and geographies, capital-intensive investments, and technologies critical to national security and economic development.