2025-05405Notice

SBA Greenlights More Funds for Tiny Enterprises

Published Date: 3/28/2025

Notice

Summary

The Small Business Administration just announced new licenses for several Small Business Investment Companies (SBICs), letting them invest more money to help small businesses grow. These licenses, issued between January and February 2025, set how much money each SBIC can leverage, meaning they can multiply their investment power. If you’re a small business or investor, this means more funding opportunities are on the way!

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

New SBIC Licenses and Leverage Limits

The Small Business Administration issued Small Business Investment Company (SBIC) licenses to six funds, with the dates and maximum leverage multiples shown: Avante Capital Partners SIC IV, L.P. (licensed 1/14/2025) — 2.00x; LNC Partners III--SBIC, L.P. (licensed 2/6/2025) — 2.00x; Vocap Partners IV SBIC, L.P. (licensed 2/26/2025) — 1.00x; Balance Point Capital Partners VII, L.P. (licensed 2/26/2025) — 2.00x; Tecum Capital Partners IV, L.P. (licensed 2/26/2025) — 2.00x; and Southfield Mezzanine Capital III, L.P. (licensed 2/26/2025) — 2.00x. The notice also states these leverage figures are the “Maximum amount of Leverage expressed as a multiple of Leverageable Capital pursuant to 13 CFR 107.1150.”

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Key Dates

Published Date
3/28/2025

Department and Agencies

Department
Independent Agency
Agency
Small Business Administration
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