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Summary: This letter clarifies SBA’s position on “refinancing” and maximum leverage.

Summary: Information for an SBIC to apply for a commitment by the SBA to reserve financial assistance on its behalf for the future issuance of debentures.

Summary: Information for an SBIC to request a draw against the SBA's commitment to guarantee debenture leverage.

Summary: This Investment Policy Statement (IPS) details the joint SBICCT Initiative objectives and governance framework with respect to the overall SBICCT portfolio.

Summary: Information for current and prospective Small Business Investment Companies (SBICs) of guidance related to policies, procedures, and information collections related to and incorporating reforms from the SBIC Investment and Diversification final rule.

Summary: Updates to program policies, information collections, and standard operating procedures (SOPs).

Summary: This appendix provides guidance to SBICs on accounting policies and procedures, financial reporting to the SBA, and selection of an auditor.

Summary: This appendix describes the policies and procedures which SBICs must follow in valuing their loans and investments.

Summary: Spurring Business in Communities Act of 2017 Guidance

Summary: Letter to clarify examination priorities with respect to SBICs seeking a leverage commitment or submitting an application for a subsequent SBIC license

Summary: Chart of Accounts for Small Business Investment Companies

Summary: Policy guidance for an SBIC

Summary: Policy guidance for an SBIC

Summary: Policy guidance for an SBIC

Summary: Policy guidance for an SBIC

Summary: Policy Change Regarding “Buyouts” of SBICs with Outstanding Participating Securities (“PS”) Leverage in the Office of SBIC Operations

Summary: Guidance concerning the submission of a subsequent fund request and sets forth a policy concerning co-investment by two or more SBICs under common control.

Summary: This document updates and replaces the April 2011 policy letter regarding Start-Up America Impact Investment.

Summary: This letter identifies cancelled or modified TechNotes.

Summary: This outlines the approval process for the transfer of limited partnership interests involving less than 10% of the total partnership interests.