So You’re Pursuing an SBIC License: What Comes Next?

The SBIC program is one of the most attractive options for private credit managers looking to unlock low-cost leverage and expand access to new LP pools.

But after a 285% spike in applications in 2024 and the introduction of regulations like accrual debentures, successfully forming and operating an SBIC takes more than just raising capital.

To help fund managers navigate the SBIC license process and beyond, we’ve created a free whitepaper that covers:

• The structural advantages and regulatory nuances of SBICs
• Strategic timing for capital calls and SBA drawdowns
• Reporting obligations such as Form 468 and capital certificates
• Aligning your fund’s legal and operational setup with SBA requirements