SBA Increases Leverage Available to Family of SBIC Funds

January 10, 2017

On Dec. 28, 2016, the U.S. Small Business Administration (SBA) amended Section 521 of the Consolidated Appropriations Act to increase, from $225 million to $350 million, the maximum amount of leverage available to two or more SBICs under common control. This amendment was made to conform with a statutory change previously adopted by Congress.

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 contact Mark A. Kromkowski (+1 312 849 8170) or your primary attorney at McGuireWoods.

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