The U.S. Small Business Administration (SBA) published a notice in the Federal Register about the issuance of licenses for Small Business Investment Companies (SBICs). These licenses are granted under the authority of the Small Business Investment Act of 1958, which has been amended over time. The notice, effective August 17, 2023, fulfills a legal requirement to publicly list the names of the SBICs, along with their licensure date and total intended leverage commitments. This information provides transparency about the companies that received support through this program.
Simple Explanation
The U.S. Small Business Administration is giving out special permissions called licenses to certain companies that help small businesses grow, but the notice about this doesn't say which companies got these licenses or how much help they will get. They're sharing this information to make sure everybody knows about it, even though some details are missing.