SBIC Leverage Pricing at Near Record Low

The SBIA reported the biannual pricing on a record $1.16 billion of Small Business Investment Companies debentures at an interest rate of 2.517%, the third lowest in the history of the program.

TCP Capital Gets Approval to Operate as SBIC

TCP Capital said its wholly-owned subsidiary, TCPC SBIC, received final committee approval for a license from the SBA to operate as a small business investment company.

Partnering with an SBIC… An Opportunity for an ABL to Provide Customers with Incremental Financing

F.N.B. Capital Partners’ Joseph Bute and Tyson Smith explain the rationale behind the formation of an SBIC and how partnering with an SBIC fund offers asset-based lenders a way to provide their customers with cash-flow financing beyond the underlying collateral.