Capitala Finance Corp. Receives “Green Light” from Small Business Administration for Fifth SBIC License
Capitala Finance Corp (CPTA)
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Source: GlobeNewswire
CHARLOTTE, N.C., May 04, 2020 (GLOBE NEWSWIRE) -- Capitala Group (“Capitala”), a leading provider of capital to lower middle market companies, announced today that the United States Small Business Administration (“SBA”) issued a “green light1” approval letter inviting Capitala Group to submit a small business investment company (“SBIC”) application to obtain its fifth SBIC license. “We are excited to receive the “green light” from the SBA continuing our 20+ year partnership with the SBIC program,” said Joe Alala, III, Chairman and CEO of Capitala Group. “We believe a fifth license will enable us to continue funding our investment strategy and allow us to selectively grow our portfolio and generate attractive risk-adjusted returns for our shareholders.” If approved, Capitala SBIC Fund VII, L.P. expects to invest primarily in senior secured debt of lower middle market small businesses. The additional SBIC license would provide Capitala Finance Corp., a publicly traded busi
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