United States: Potential Increase to Debenture Limit for Levered Small Business Investment Companies (SBICs)?
By: TJ Bright, Matthew F. Phillips, and Kate E. Miller
Small Business Investment Companies (SBICs), which invest in qualifying small businesses in the United States, are eligible to receive Small Business Administration (SBA)-guaranteed debentures at favorable rates to finance their investment activities. Standard SBIC debentures typically have 10-year terms with interest payments due semi-annually, and a lump-sum payment of the principal at maturity.
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