Medley Capital receives approval for SBIC license

theflyonthewall.com

Medley Capital announced that its wholly owned subsidiary, Medley SBIC has received approval for a license from the United States Small Business Administration to operate as a Small Business Investment Company. The license allows Medley SBIC to obtain leverage by issuing SBA-guaranteed debentures, subject to the issuance of a capital commitment by the SBA and customary procedures. Current SBA regulations permit Medley SBIC to issue up to $150M in debentures.

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