Examples of SBA Act in a sentence
Section 18(k) makes the asset coverage and other requirements of subparagraphs (A) and (B) of paragraph (1) of Section 18(a) inapplicable to investment companies operating under the SBA Act.
Medley SBIC was organized as a limited partnership under the laws of the state of Delaware on February 8, 2012, and submitted an application for a license to operate as an SBIC under the SBA Act with the SBA on December 9, 2011 (the “SBIC Application”).
SBIC LP received a license from the SBA to operate as a SBIC under Section 301(c) of the SBA Act.
However, companies operating under the SBA Act, such as TCPC SBIC (and any other SBIC Subsidiary), are subject to the SBA’s substantial regulation of permissible leverage in their capital structure.
TCPC SBIC (and any other SBIC Subsidiary) will be regulated by the SBA and operate under the SBA Act.