Monroe Capital Subsidiary Receives SBIC License Approval
Monroe Capital Corporation announced its wholly owned subsidiary, Monroe Capital Corporation SBIC LP, received approval for a license from the U.S. SBA to operate a Small Business Investment Company.
“We are very pleased to have received approval for an SBIC license for Monroe Capital Corporation,” said Theodore L. Koenig, president and CEO of the company. “We are continually focused on creating long-term value for our shareholders. The receipt of the SBIC license offers a real tangible benefit in that it will provide us a source of attractive, long-term, fixed rate financing.”