The U.S. Small Business Administration (SBA) has issued a notice of Small Business Investment Company (SBIC) licenses under the authority of the Small Business Investment Act of 1958. This action is in line with the requirement to publish the information in the Federal Register. The notice includes the names of the SBICs that received licenses and their Total Intended Leverage Commitments as of a specific date. This procedure is part of the SBA's efforts to support small businesses through investment company programs.
Simple Explanation
The U.S. Small Business Administration is letting people know that they've given some special licenses to companies that help small businesses grow with money. However, they didn't share exactly who got these licenses or how much money is involved.