The Company announced that the U.S. Small Business Administration (the “SBA”) has issued a “green light” letter inviting Capital Southwest to submit its application to obtain a license to operate a second Small Business Investment Company (“SBIC”) subsidiary. Upon approval, Capital Southwest would receive its second SBIC license which would provide the Company with access to up to an additional $175 million of growth capital through SBA-guaranteed debentures, bringing Capital Southwest’s combined borrowing capacity through the SBIC program to a total of $350 million.
Cap Southwest Corp
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