On August 17, 2023, the U.S. Small Business Administration (SBA) issued significant new policy guidance regarding the Small Business Investment Companies (SBIC) program.
Our key takeaways from this new guidance include:
We are reviewing all of the new materials thoroughly and our initial view is that these steps by SBA will materially improve the SBIC program for all stakeholders. The new policy guidance is detailed on the pages below and we encourage you to review it. We will make ourselves available to answer any questions that you have. If you do have questions, please feel free to reach out to any member of your Hogan Lovells SBIC team.
Authored by David Winter, Bryan Ricapito, Carol Fendler, Kevin Lees, Madelyn Healy Joseph, Matthew Bakios, Myles DePass, Pablo Gardea, Rachel Bayer, Justin Bevilacqua, Madison Kirton, and Curtis Victor.
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