SBA: Implementation Announced for Transformational SBIC Program Reforms
Reforms of SBA’s Small Business Investment Company Address Gaps in Equity and Debt Financing for Underserved and Undercapitalized Small Businesses Effective August 17 Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA) Small Business Investment Company’s (SBIC) Diversification and Growth Final Rule is effective today. Under the new rule, which supports the Biden-Harris Administration’s economic and…
SBA: SBIC Modernization Final Rule Issued to Support Reforms to Transform Public-Private Investment
Small Business Investment Company Program modernization will seed America’s next generation of fund managers while increasing funding for underserved and undercapitalized markets Today, Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA)finalized a rule to modernize the Small Business Investment Company (SBIC) Program. Part of President Biden’s Investing in America Agenda, the SBIC Investment Diversification and Growth Rule will…
SBA: Small Business Investment Companies of the Year Announced
Companies and their managers to be formally recognized during National Small Business Week Awards Ceremony Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s 33 million small businesses, announced Stonehenge Community Impact Fund, L.P. of Columbus, Ohio, and Balance Point Capital Partners, L.L.C. of Westport, CT…
SBA: DoD and SBA Sign Joint Agreement to Drive Investment to U.S. Critical Technologies at South by Southwest Festival in Austin
Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Defense (DoD) announced that on Friday, March 10, they intend to sign a historic Memorandum of Agreement at the South by Southwest (SXSW) festival in Austin, Texas. This agreement establishes the framework for DoD’s newly established Office of Strategic Capital (OSC) and the SBA’s Office of…
SBA: Call for Nominations for 2023 National Small Business Week Awards Announced
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced the call for nominations for the 2023 National Small Business Week (NSBW) Awards. The NSBW Awards recognize SBA-assisted small businesses’ inspirational achievements and contributions to their communities and our nation’s economy. All nominations should be…
SBA: St. Louis Investment Firm Named Small Business Investment Company of the Year
Eagle Fund III, LP of St. Louis, Missouri has been named the 2019 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration. Eagle, along with other national winners and finalists for the National Small Business Person of the Year, have been invited to a recognition ceremony as part of National Small…
SBA: Los Angeles Investment Firm Named Small Business Investment Company of the Year
Avante Mezzanine Partners, a woman-owned fund of Los Angeles, Calif. has been named the 2018 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration. Avante, along with other national winners and finalists for the National Small Business Person of the Year, have been invited to a recognition ceremony as part…
SBA: New Initiative Announced with GIIRS Rating System for Private Funds and Companies
SBA Administrator Maria Contreras-Sweet today announced a new initiative with Global Impact Investing Rating System (GIIRS), an innovative rating system that evaluates the operational and business model impact of private funds and companies. Under the terms of the understanding, OII will use GIIRS ratings as one factor to rate and authenticate the influx of Impact…