The U.S. Small Business Administration (SBA) has announced the issuance of licenses for Small Business Investment Companies (SBIC) based on the authority granted by the Small Business Investment Act of 1958. This notice fulfills the requirement to publish the names, licensure dates, and Total Intended Leverage Commitments of SBICs in the Federal Register. The announcement appeared in the Federal Register on January 15, 2025, under the document number 2025-00759.
Simple Explanation
The U.S. Small Business Administration (SBA) is letting everyone know that they have given out special permissions, like getting a special badge, to certain companies so they can help small businesses get money to grow. They announced this in an official place where they share important news, but they didn't say exactly who got these badges or how much help they'll be giving, which keeps some details a bit of a secret.