The U.S. Small Business Administration (the "SBA") has announced that licensing and examination fees charged to a Small Business Investment Company ("SBIC") or SBIC license applicant will be increased in accordance with the annual inflation adjustment required under SBIC regulations.
Effective October 1, 2021, the new fees will be as follows:
|
Licensing Fees |
|
|
Initial Licensing Fee (paid in conjunction with the submission of the Management Assessment Questionnaire) |
$10,500 |
| Final Licensing Fee (paid in conjunction with the submission of the License Application) |
$36,900 |
|
Examination Fees |
|
| Minimum Base Fee | $9,500 |
|
Minimum Base Fee (Non-Leveraged SBICs) |
$31,600 |
|
Minimum Base Fee (Leveraged SBICs) |
$46,400 |
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.