An SBIC is permitted to control, either directly or indirectly, a small business for a maximum period of 7 years. With SBA’s prior written approval, an SBIC may retain control for such additional period as may be reasonably necessary to complete divestiture of control or to ensure the financial stability of the portfolio company.
What are the rules governing control situations by an SBIC?
SBA Direct: Find what matters most to you...
Find Information On:
Get Local Assistance:
Find counseling, mentoring, and training near you.
SBA Success Story
Skip Success Story and go to Left Sub-Menu Links
It's an old-fashioned downtown, with a few eateries crowded along with some storefronts and clapboard houses as U.S. Route 30 winds...
“In 2005, I was working as a civilian for the U.S. Army Corps of Engineers and spent six months on a construction...
Kathy Clinton, president and owner of Performance Results Corporation (PRC), headquartered in Morgantown, W.Va., was recognized as West Virginia...