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Explanation of Directory Information
Preferred Investment Size
The amount the SBIC is willing to invest or loan.
Investment Policy
The type of investment the SBIC is willing to make (e.g. loans, equity, debt with equity features).
Investment Type
The various stages of financing that the SBIC is willing to fund (e.g. Seed, Start-Up,Early Stage, Expansion Financing, Later Stage Financing or MBO/LBO/Acquisition). See Page IV for a more detailed explanation of each of these stages.
Industry Preference
Type of industry or industries the SBIC is interested in financing. Usually based on the knowledge and experience of the SBIC's management.
Geographic Preference
The area of the United States where the SBIC prefers to make financings.
Regulatory Capital
A Licensee's private paid-in capital and surplus or private partners' contributed capital (excluding non-cash contributions), plus unfunded binding commitments from institutional investors.
Leverage from SBA
A Licensees' outstanding debentures, participating securities or preferred stock guaranteed or purchased by SBA.
Capital Resources
The sum of a Licensee's Regulatory Capital and leverage from SBA.
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