Course Solutions Uncategorized Handwritten Answers Please Criteria Set Sba Licensing Sbics Q34198651

Handwritten Answers Please Criteria Set Sba Licensing Sbics Q34198651

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 6:25 pm
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NO HANDWRITTEN ANSWERS PLEASE

What criteria is set by the SBA for licensing SBICs?

Expert Answer

Following criteria are set by the SBA for licensing SBICs

Greatest of the following there Minimum capital requirementsmust be raised before applying for SBIC license

– Statutory Minimum $ 5 million

– Minimum amount stipulated in SBIC application required forinitial closing of the fund

– Minimum amount as determined by SBA to ensure theviability

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