WASHINGTON, July 21 -- Small Business Administration has issued a notice called: Small Business Investment Company ("SBIC") Program: SBA Model Form of Agreement for Limited Partnership SBICs.
The notice was published in the Federal Register on July 21 by Joshua Carter, Associate Administrator for Investment and Innovation.
Summary: The Small Business Administration ("SBA") intends to update the SBA Model Form of Limited Partnership Agreement (the "Model") to more closely align with customary provisions generally outlined in private funds, while maintaining those regulatory and policy provisions within the Model that are necessary to minimize the risk of loss in the SBIC program and ensure consistency with SBA's updated regulations and pol...