SBA Announces SBIC Model Limited Partnership Agreement Version 3.0

April 8, 2016

SBA Announces SBIC Model Limited Partnership Agreement Version 3.0

The U.S. Small Business Administration (SBA) announced posting of the Model Debenture SBIC Limited Partnership Agreement 3.0.

Version 3.0 must be used for all SBIC applications submitted on or after October 1, 2016; however, SBIC applications submitted prior to October 1, 2016, may use either Model Limited Partnership Agreement.

The model can be downloaded from the SBA website.

The private equity practice group at McGuireWoods is dedicated to keeping clients advised of new legislative and business developments as they occur. If you have any questions regarding these issues, please feel free to contact Mark A. Kromkowski (312.849.8170) or your primary attorney at McGuireWoods.

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