Jump to Main Content
USA flagAn Official Website of the United States Government
article

Directory of SBIC Licensees

The Small Business Investment Company (SBIC) Program works with private investment funds licensed as SBICs to provide  growth capital to U.S. small businesses. Although SBICs regulated by SBA, they are private, profit-seeking investment companies that make independent investment decisions. This directory will provide you with the contact information needed to learn more about the SBIC Licensees in your state.

Explanation of Directory Information

Details on each SBIC listed below include the following 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 (for example, loans, equity or debt with equity features).

Investment Type: The various stages of financing that the SBIC is willing to fund (for example, seed, start-up, early stage, expansion financing, later stage financing, or managed buyout, leveraged buyout or acquisition).

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 financing.

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 Licensee's 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.

SBIC Licenses by State

Alabama
Alaska
American Samoa
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida

Georgia
Guam
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine

Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey

New Mexico
New York
North Carolina
North Dakota
Northern Marianas Islands
Ohio
Oklahoma
Oregon
Pennsylvania
Puerto Rico
Rhode Island

South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Virgin Islands
Washington
West Virginia
Wyoming
Wisconsin

 

 

All SBIC Licensees on May 4, 2015

SBIC Licensees Located in Alaska

There are no SBIC Licensees currently located in Alaska

SBIC Licensees Located in Alabama

Harbert Mezzanine Partners II SBIC, L.P.

      Rob Bourquin Contact

      2100 Third Avenue North, Suite 600

      Birmingham, AL  35203

      Phone:      (615)301-6389     Fax:  (615)301-6401

      Email:      abrown@harbert.net

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Arizona

Diamond State Ventures II, L.P.

      Joe T. Hays, Managing Director

      200 River Market Avenue

      Suite 400

      Little Rock, AR  72201

      Phone:      (501)374-9247     Fax:  (501)374-9425

      Email:      jhays@arcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Diamond State Ventures III, L.P.

      Joe T. Hays, Managing Director

      200 River Market Avenue

      Suite 400

      Little Rock, AR  72201

      Phone:      (501)374-9247     Fax:  (501)374-9425

      Email:      jhays@arcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Arkansas

Grayhawk Venture Fund I, L.P.

      Sherman Chu, Contact

      5050 N 40th Street, Suite 380

      Phoenix, AZ  85018

      Phone:      (602)956-8700     Fax:  (602)956-8080

      Email:      schu@grayhawkcapital.us

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Grayhawk Venture Fund II, L.P.

      Sherman Chu

      5050 N 40th Street.,Suite 380

      Phoenix, AZ  85018

      Phone:      (602)956-8700     Fax:  (602)956-8080

      Email:      schu@grayhawkcapital.us

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Trinity Capital Fund II, L.P.

      Steven L. Brown

      2121 Chandler Boulevard., Suite 103

      Chandler, AZ  85224

      Phone:      (480)374-5350     Fax:  (480)247-5099

      Email:      sbic@trincapinvestment.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in California

Alpine Investors IV SBIC, LP

      Tara Genstil, Contact

      3 Embarcadero Center, Suite 2330

      San Francisco, CA  94111

      Phone:      (415)591-1302     Fax:  (415)392-9101

      Email:      backoffice@alpine-investors.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $10,000,0

      Preferred Max:    $20,000,0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Alpine Investors V SBIC, LP

      Graham Weaver

      3 Embarcadero Center, Suite 2330

      San Francisco, CA  94111

      Phone:      (415)591-1301     Fax:  (415)392-9101

      Email:      backoffice@alpine-investors.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Avante Mezzanine Partners SBIC, L.P.

      Clifford A. Lyon, Contact

      11150 Santa Monica Boulevard

      Suite 1470

      Los Angeles, CA  90025

      Phone:      (310)667-9242     Fax:  (310)728-1755

      Email:      clyon@avantemezzanine.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $6,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Debt 87%;

      Equity 13%,

      FUNDING STAGE PREFERENCE

      Change of control 50%

      Later Sage 40%;

      Expansion 10%

      INDUSTRY PREFERENCE

      Services 45%; Technology 5%;

      Life Science 5%;Manufacturing 10%;

      Mark Spellman

      GEOGRAPHIC PREFERENCES

      California 50%

      other Western U.S. 50%

      DESCRIPTION OF FIRM'S FOCUS

      2 tiers of debenture leverage

Celerity Partners SBIC, L.P.

      Clifford A. Lyon, Contact

      11150 Santa Monica Boulevard, Suite 1470

      Los Angeles, CA  90025

      Fax:  (310)728-1755

      Email:      kraus@celeritypartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Central Valley Fund II (SBIC), LP (The)

      Edward F. McNulty

      1590 Drew Avenue, Suite 110

      Davis, CA  95618

      Phone:      (530)757-7004     Fax:  (530)757-1316

      Email:      emcnulty@centralvalleyfund.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Champlain Capital Partners II, L.P.

      Dennis M. Leary, Contact

      One Post Street

      Suite 925

      San Francisco, CA  94104

      Phone:      (415)288-4181     Fax:  (415)362-3211

      Email:      dleary@champlaincapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Champlain Capital Partners, L.P.

      Dennis M. Leary, Contact

      One Post Street

      Suite 925

      San Francisco, CA  94104

      Phone:      (415)661-2500     Fax:  (415)362-3211

      Email:      dleary@champlaincapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Hercules Technology II, L.P.

      Andrew Olson, Contact

      400 Hamilton Avenue, Suite 310

      Palo Alto, CA  94301

      Phone:      (650)289-3072     Fax:  (650)473-9194

      Email:      aolson@htgc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Hercules Technology III, LP

      Andrew Olsonn, Contact

      400 Hamilton Avenue, Suite 310

      Palo Alto, CA  94301

      Phone:      (650)289-3072     Fax:  (650)473-9194

      Email:      aolson@htgc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Invision Capital I, L.P.

      26 Orange Blossom Circle, Suite 10

      Ladera Ranch, CA  92694

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Labrador Ventures V-B, L.P.

      Sean Foote, Contact

      535 Middlefield Road, Suite 190

      Menlo Park, CA  94025

      Phone:      (650)366-6000     Fax:  (650)366-6430

      Email:      lkubal@labrador.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Levine Leichtman Capital Partners SBIC Fund, L.P.

      Steven E. Hartman, Contact

      335 North Maple Drive, Suite 130

      Beverly Hills, CA  90210

      Phone:      (310)275-5335     Fax:  (310)275-335

      Email:      shartman@llcp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Multiplier Capital, LP

      Ray Boone

      815 Moraga Drive

      Los Angeles, CA  90049-

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Pivotal Capital Fund, LP

      Renee Baker

      2882 Sand Hill Road, Suite 100

      Menlo Park, CA  94025

      Phone:      (650)233-5402     Fax:  (650)299-9494

      Email:      renee@pivotalcp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Rembrandt Venture Partners II, L.P.

      Gerald S. Casilil, Contact

      2440 Sand Hill Road, Suite 100

      Menlo Park, CA  94025

      Phone:      (650)326-7070     Fax:  (650)326-3780

      Email:      jcasilli@rembrandtvc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBJ Fund, LP

      Gus Spanos

      1350 Treat Boulevard, Suite 400

      Walnut Creek, CA  94597

      Phone:      (248)359-7394     Fax:  (248)359-7700

      Email:      gus@sbjcap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Shepherd Ventures II, L.P.

      George C. Kenney, Contact

      11696 Sorrento Valley Road, Suite 203

      San Diego, CA  92121

      Phone:      (858)509-4744     Fax:  (858)509-3662

      Email:      tom@shepherdventures.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Silver Lake Waterman Fund, L.P.

      Thomas Conneely, VP Operations

      2775 Sand Hill Road

      Suite 100

      Menlo Park, CA  94025

      Phone:      (415)525-8705     Fax:  (415)293-4365

      Email:      Tom.Conneely@SilverLake.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

St. Cloud Capital Partners III SBIC, LP

      Kacy Rozelle

      10866 Wilshire Boulevard, Suite 1450

      Los Angeles, CA  90024-

      Phone:      (310)475-2700     Fax:  (310)475-0550

      Email:      krozelle@stcloudcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

TCPC SBIC, LP

      Rajneesh Vig

      2051 28th Street, Suite 1000

      Santa Monica, CA  90405

      Phone:      (310)566-1041     Fax:  (310)899-4950

      Email:      Raj.Vig@TennenbaumCapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Telegraph Hill Partners SBIC, L.P.

      Robert G. Shepler, Contact

      360 Post Street, Suite 601

      San Francisco, CA  94108

      Phone:      (415)765-6980     Fax:  (415)765-6983

      Email:      rgs@thpartners.net

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      Equity capital

      FUNDING STAGE PREFERENCE

      Companies are already

      commercial with revenues

      Capital to be used for

      growth.

      INDUSTRY PREFERENCE

      Life sciences, healthcare,

      medical devices, diagnostics,

      chemistries, healthcare IT,

      animal health, plant science

      GEOGRAPHIC PREFERENCES

      Throughout U.S.

      DESCRIPTION OF FIRM'S FOCUS

      Life science and healthcare companies

      with proven business models.

      The company should have revenues from unique

      leading products and show strong growth

      and a path to profitability if not already

      profitable.

Ticonderoga SBIC, L.P.

      258 Hamilton Avenue, 3rd Floor

      Palo Alto, CA  94301

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Tregaron Opportunity Fund I, L.P.

      Todd Collins, Contact

      300 Hamilton Avenue, 4th Floor

      Palo Alto, CA  94301

      Phone:      (650)403-2084     Fax:  (650)618-2550

      Email:      collins@tregaroncapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Tregaron Opportunity Fund II, L.P.

      Todd Collins

      300 Hamilton Avenue, 4th Floor

      Palo Alto, CA  94301

      Phone:      (650)403-2084     Fax:  (650)618-2550

      Email:      collins@tregaroncapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Walden Venture Capital VIII SBIC, L.P.

      Art Berliner

      San Francisco, CA  94111

      Phone:      (415)273-4242     Fax:  (415)391-7262

      Email:      matt@waldenvc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Colorado

There are no SBIC Licensees currently located in Colorado

SBIC Licensees Located in Connecticut

Balance Point Capital Partners II, L.P.

      Seth W. Alvord

      8 Church Lane, Suite 200

      Westport, CT  06880

      Phone:      (203)652-8255     Fax:  (203)716-9828

      Email:      salvord@balancepointcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Balance Point Capital Partners, L.P.

      Seth W. Alvord, Contact

      8 Church Lane, Suite 200

      Westport, CT  06880

      Phone:      (203)652-8260     Fax:  (203)716-9828

      Email:      salvord@balancepointcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Brookside Mezzanine Fund II, L.P.

      David D. Buttolph, Corey Sclar, Contact

      201 Tresser Boulevard, Suite 330

      Stamford, CT  06901-3435

      Phone:      (203)595-4530     Fax:  (203)618-0984

      Email:      csclar@brooksidemp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $4,000,00

      Preferred Max:    $15,000,0

      TYPE OF CAPITAL PROVIDED

      Mezzanine

      FUNDING STAGE PREFERENCE

      Later; revenues over

      $15,000,000.

      INDUSTRY PREFERENCE

      None

      GEOGRAPHIC PREFERENCES

      United States

      DESCRIPTION OF FIRM'S FOCUS

      The firm takes a long-term partnership based

      approach to our mezzanine investments.  We

      focus on middle market manufacturing,

      businesses services, consumer products and

      healthcare companies nationwide.

Brookside Mezzanine Fund III, L.P.

      David D. Buttolph

      201 Tresser Boulevard, Suite 330

      Stamford, CT  06901-3435

      Phone:      (203)595-4530     Fax:  (203)618-0984

      Email:      csclar@brooksidemp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Brookside Pecks Capital Partners, L.P.

      David D. Buttolph, Corey Sclar;  Contact

      201 Tresser Boulevard, Suite 330

      Stamford, CT  06901-3435

      Phone:      (203)595-4530     Fax:  (203)618-0984

      Email:      csclar@brooksidemp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $6,500,00

      TYPE OF CAPITAL PROVIDED

      Subordinated Debt

      FUNDING STAGE PREFERENCE

      Acquisition

      Expansion

      Recapitalizations

      MBO

      INDUSTRY PREFERENCE

      Manufacturing

      Service

      Value-Added Distribution

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

      Provides subordinated debt investments to

      profitable later-stage companies.

Equinox Capital SBIC, L.P.

      Steven C. Rodger, Contact

      41 West Putnam Avenue

      Greenwich, CT  06830

      Phone:      (203)622-1605     Fax:  (203)622-4684

      Email:      scr@equinoxcapitalinc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Fifth Street Mezzanine Partners IV, L.P.

      Jessica Tannenbaum, Contact

      777 West Putnam Ave., 3rd Floor

      Greenwich, CT  06830

      Phone:      (203)681-3636     Fax:  (203)681-3879

      Email:      jessica@fifthstreetfinance.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $10,000,0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      First Lien Debt, One-Stop

      Financing, Second Lien Debt,

      Mezzanine Debt.

      FUNDING STAGE PREFERENCE

      Acquisition, Later Stage

      INDUSTRY PREFERENCE

      Healthcare, Software & Tech.,

      Industrials, Business Services,

      Consumer Products, Retail,

      Food & Restaurants, Marketing,

      Services, Areospace & Defense.

      GEOGRAPHIC PREFERENCES

      United States

      DESCRIPTION OF FIRM'S FOCUS

      Provides custom-tailored financing solutions

      to middle market companies, primarily in

      connection with investments by private

      equity sponsors.  Target companies have

      positive EBITDA and a scalable business

      model.

Fifth Street Mezzanine Partners V, L.P.

      Jessica Tannenbaum, Contact

      777 West Putnam Ave., 3rd Floor

      Greenwich, CT  06830

      Phone:      (203)681-3636     Fax:  (203)681-3879

      Email:      jessica@fifthstreetfinance.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $10,000,0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      First Lien Debt, One-Stop

      Financing, Second Lien Debt,

      Mezzanine Debt.

      FUNDING STAGE PREFERENCE

      Acquisition, Later Stage

      INDUSTRY PREFERENCE

      Healthcare, Software & Tech.,

      Industrials, Business Services,

      Consumer Products, Retail,

      Food & Restaurants, Marketing

      Services, Aerospace & Defense.

      GEOGRAPHIC PREFERENCES

      United States

      DESCRIPTION OF FIRM'S FOCUS

      Provides custom-tailored financing solutions

      to middle market companies, primarily in

      connection with investments by private

      equity sponsors.  Target companies have

      positive EBITDA and a scalable business

      model.

First New England Capital III, L.P.

      Richard C. Klaffky, President

      8 Church Lane, Suite 200

      Westport, CT  06880

      Phone:      (203)652-8250     Fax:  (203)716-9828

      Email:      rklaffky@fnec.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

First New England Capital, LP

      Richard C. Klaffky, President

      100 Pearl Street

      Hartford, CT  06103

      Phone:      (860)293-3333     Fax:  (860)293-3338

      Email:      rklaffky@fnec.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $500,000

      Preferred Max:    $1,000,00

      TYPE OF CAPITAL PROVIDED

      Subordinated Debt

      Equity

      FUNDING STAGE PREFERENCE

      Expansion

      Later Stage

      Acquisition

      INDUSTRY PREFERENCE

      Manufacturing

      Distribution

      Service

      GEOGRAPHIC PREFERENCES

      Northeast

      DESCRIPTION OF FIRM'S FOCUS

      Provides subordinated debt and

      equity capital to later stage companies

      for expansion and acquisition.

      Target companies with revenues of at

      least $5 million and profitability at

      the time of investment.

GarMark SBIC Fund, L.P.

      E. Garrett Bewkes

      One Landmark Square, Floor 6

      Stamford, CT  06901

      Phone:      (203)325-8500     Fax:  (203)325-8522

      Email:      egbewkes@garmark.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Ironwood Mezzanine Fund II LP

      Marc A. Reich, Contact

      45 Nod Road

      Avon, CT  06001

      Phone:      (860)409-2101     Fax:  (860)409-2120

      Email:      reich@ironwoodcap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $5,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Subordinated debt w/warrants

      Preferred Stock

      FUNDING STAGE PREFERENCE

      Later Stage

      INDUSTRY PREFERENCE

      Business Services

      Value-Added Manufacturing

      Environmental Services

      Recurring Rev.  Businesses

      GEOGRAPHIC PREFERENCES

      East  of the

      Mississippi River

      DESCRIPTION OF FIRM'S FOCUS

Ironwood Mezzanine Fund III-A LP

      Marc A. Reich, Contact

      45 Nod Road

      Avon, CT  06001

      Phone:      (860)409-2101     Fax:  (860)409-2120

      Email:      reich@ironwoodcap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

MSR I SBIC, L.P.

      Daniel A. Levinson

      One Morningside Drive North

      Building B, 2nd Floor

      Westport, CT  06880

      Phone:      (203)227-5320     Fax:  (203)227-5312

      Email:      mr@mainstreetresources.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      Growing stage

      INDUSTRY PREFERENCE

      $1 million to $10 million

      four investments each year

      GEOGRAPHIC PREFERENCES

      Northeast region of U.S.

      New York, New Jersey

      Connecticut,

      Massachusetts

      DESCRIPTION OF FIRM'S FOCUS

      value approach, no industry focus

New Canaan Funding Mezzanine V SBIC, LP

      Mark Thies

      21 Locust Avenue, Suite 1C

     
New Canaan, CT  06840

      Phone:      (203)966-1071     Fax:  (203)966-1081

      Email:      mthies@newcanaanfunding.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Southfield Mezzanine Capital LP

      Steven A. Axel

      53 Greenwich Avenue, 2nd Floor

      Greenwich, CT  06830

      Phone:      (203)813-4100     Fax:  (203)813-4141

      Email:      saxed@southfieldcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in District of Columbia

Core Capital Partners II-S, L.P.

      William Dunbar, Contact

      1717 K Street, NW

      Suite 920

      Washington, DC  20006

      Phone:      (202)589-0090     Fax:  (202)589-0091

      Email:      rklueger@core-capital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

McLarty Capital Partners SBIC, L.P.

      Christopher D. Smith

      900 Seventeenth Street, NW, Suite 800

      Washington, DC  20006

      Phone:      (202)419-7098     Fax:  (202)419-1421

      Email:      SBA@mclartycapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Delaware

Innovation Ventures, L.P.

      David J. Freschman, Contact

      1601 Concord Pike, Suite 8284

      Wilmington, DE  19803

      Phone:      (302)777-1616     Fax:  (302)777-1620

      Email:      djf@innovationcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Florida

Ballast Point Ventures III, L.P.

      Paul Johan

      880 Carillon Parkway

      Saint Petersburg, FL  33716

      Phone:      (727)567-1500     Fax:  (727)567-1515

      Email:      pjohan@ballastpointventures.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Banyan Mezzanine Fund II, L.P.

      John A. Miller, Contact

      1111 Brickell Avenue, Suite 1300

      Miami, FL  33131

      Phone:      (305)755-0376     Fax:  (305)755-0377

      Email:      jmiller@banyanmezzanine.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Banyan Mezzanine Fund, L.P.

      John A. Miller, Contact

      1111 Brickell Avenue, Suite 1300

      Miami, FL  33131

      Phone:      (305)755-0376     Fax:  (305)755-0377

      Email:      lmarler@banyanmezzanine.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      No Start-Ups

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

      Does not invest in start-ups, real estate,

      oil/energy, or turnarounds. Requires min

      EBITDA of $1mm and revenues of $10mm.

CapitalSouth Partners Fund II, L.P.

      David Reed

      712 South Oregon Avenue, Suite 200

      Tampa, FL  33606-

      Phone:      (813)202-8128     Fax:  (813)835-4197

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

KLH Capital Fund II, L.P.

      James B. Darnell, Contact

      601 Bayshore Boulevard., Suite 850

      Tampa, FL  33606

      Phone:      (813)222-0160     Fax:  (813)222-0161

      Email:      chris@klhcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Penta Mezzanine SBIC Fund I, L.P.

      Rebecca Irish - Managing Principal/CFO

      20 North Orange Avenue, Suite 1550

      Orlando, FL  32801

      Phone:      (407)648-5097     Fax:  (407)641-9286

      Email:      rirish@pentamezz.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Stonehenge Growth Equity Fund, L.P.

      Steven F. Lux

      707 West Azeele Street

      Tampa, FL  33606

      Phone:      (813)221-8302     Fax:  (813)221-6453

      Email:      sflux@stonehengegc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Georgia

Chatham SBIC Fund IV, L.P.

      Brian G. Reynolds

      400 Galleria Parkway, Suite 1950

      Atlanta, GA  30339

      Phone:      (770)618-2100     Fax:  (770)618-2101

      Email:      br@chathamcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Chatham SBIC Fund QP IV, L.P.

      Brian G. Reynolds

      400 Galleria Parkway, Suite 1950

      Atlanta, GA  30339

      Phone:      (770)618-2100     Fax:  (770)618-2101

      Email:      tk@chathamcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

EGL/NatWest Equity Partners USA, L.P.

      Salvatore Massaro, Manager

      3495 Piedmont Road

      Building 11, Suite 412

      Atlanta, GA  30305

      Phone:      (404)949-8303     Fax:  (404)795-0976

      Email:      samassaro@eglholdings.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Noro-Moseley Partners SBIC, LP

      William L. Hudson

      3284 Northside Parkway NW

      Suite 525

      Atlanta, GA  30327

      Phone:      (404)233-1966     Fax:  (404)239-9280

      Email:      whudson@noromoseley.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Peachtree II, L.P.

      David Christopher, Contact

      1230 Peachtree Street NE

      Suite 1900

      Atlanta, GA  30309

      Phone:      (404)870-8900     Fax:  (404)870-8905

      Email:      david@peachtreeequity.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Subordinated Debt

      Preferred Equity

      FUNDING STAGE PREFERENCE

      Expansion

      Later Stage

      Acquisition

      INDUSTRY PREFERENCE

      Manufacturing

      Distribution

      Service, Financial Services

      (non lending), Government

      Contracting

      GEOGRAPHIC PREFERENCES

      East/Southeast

      DESCRIPTION OF FIRM'S FOCUS

      Peachtree II provides subordinated debt and

      equity securities to middle market companies

      seeking capital for growth,expansion,

      acquisition, or shareholder liquidity.

Salem Halifax Capital Partners, L.P.

      Spalding White

      1225 Johnson Ferry Road

      Regency Park, Suite 630-A

      Marietta, GA  30068

      Phone:      (770)790-5034     Fax:  (770)790-5104

      Email:      swhite@salemhalifax.com.

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Subordinated Debt

      Mezzanine Equity

      FUNDING STAGE PREFERENCE

      Later Stage / Expansion

      INDUSTRY PREFERENCE

      Manufacturing

      Light Industrial

      Business Services

      Distribution

      Healthcare

      GEOGRAPHIC PREFERENCES

      Southeast, Southwest

      Midwest, Mid-Atlantic

      DESCRIPTION OF FIRM'S FOCUS

      Provides capital for growth, expansion,

      acquisition, LBO, MBO to rapidly growing

      companies with historical

      positive cash flow of $1 million or more

      and sales of $5-$75 million.

White Oak SBIC Fund, L.P.

      Christopher C.  Melton, Contact

      5665 New Northside Drive

      Suite 500

      Atlanta, GA  30328

      Phone:      (678)909-4660

      Email:      Chris@thewhiteoakgroup.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $1,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Controlled Equity Positions

      FUNDING STAGE PREFERENCE

      Growth

      INDUSTRY PREFERENCE

      Aerospace and Defense

      GEOGRAPHIC PREFERENCES

      Eastern United States

      DESCRIPTION OF FIRM'S FOCUS

      We focused on making controlled equity

      investments in the C4ISR sector of the

      Aerospace and Defense Industry.

SBIC Licensees Located in Guam

There are no SBIC Licensees currently located in Guam

SBIC Licensees Located in Hawaii

There are no SBIC Licensees currently located in Hawaii

SBIC Licensees Located in Iowa

AAVIN Equity Partners I, L.P.

      James D. Thorpe, Contact

      118 3rd Avenue SE, Suite 630

      Cedar Rapids, IA  52401

      Phone:      (319)247-1072     Fax:  (319)363-9519

      Email:      jthorp@aavin.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $500,000

      Preferred Max:    $3,000,00

      TYPE OF CAPITAL PROVIDED

      Equity

      Subordinated Debt

      FUNDING STAGE PREFERENCE

      20% Developmental

      40% Expansion

      5% Turnaround

      35 %Growth

      INDUSTRY PREFERENCE

      Manufacturing

      Consumer

      Healthcare

      Technology

      GEOGRAPHIC PREFERENCES

      MidWest

      DESCRIPTION OF FIRM'S FOCUS

      Manufacturing

      Consumer Products / Services

      Heathcare

      Technology

      Other

AAVIN Mezzanine Fund, LP

      James D. Thorp

      118 3rd Avenue SE, Suite 630

      Cedar Rapids, IA  52401

      Phone:      (319)247-1072     Fax:  (319)363-9519

      Email:      jthorp@aavin.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Lewis & Clark Private Equities, L.P.

      David R. Schroder, Contact

      3349 Southgate Court SW Suite 102

      Cedar Rapids, IA  52404

      Phone:      (319)363-8249     Fax:  (319)363-9683

      Email:      mbenge@investam.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $500,000

      Preferred Max:    $2,500,00

      TYPE OF CAPITAL PROVIDED

      Subordinated Debt

      Preferred Stock

      Equity

      FUNDING STAGE PREFERENCE

      Growth and Later Stage

      INDUSTRY PREFERENCE

      Manufacturing

      Service

      Distribution

      Technology

      GEOGRAPHIC PREFERENCES

      United States

      DESCRIPTION OF FIRM'S FOCUS

      Invest in growth and later stage manu-

      facturing, service, distribution, and

      technology businesses with from $10 to $50

      million in sales, both growth and buyout

      financing throughout U.S.  However, the Fund

      is now fully invested.

North Dakota SBIC, L.P.

      David R. Schroder, Manager

      3349 Southgate Court SW, Suite 102

      Cedar Rapids, IA  52404

      Phone:      (319)363-8249     Fax:  (319)363-9683

      Email:      mbenge@investam.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $500,000

      Preferred Max:    $750,000

      TYPE OF CAPITAL PROVIDED

      Subordinated Debt

      Preferred Stock-Warrants

      Equity

      FUNDING STAGE PREFERENCE

      Expansion

      Later Stage

      INDUSTRY PREFERENCE

      Manufacturing

      Service

      Distribution

      GEOGRAPHIC PREFERENCES

      North Dakota

      South Dakota

      Minnesota

      Montana

      National

      DESCRIPTION OF FIRM'S FOCUS

      Invests nationally in growth and later stage

      manufacturing, service, and distribution

     
businesses with $5 to $40 million in sales

      seeking $1 to $7 million in equity or near

      equity financing to fund growth or buyouts.

      Focused on ND & contiguous states.

SBIC Licensees Located in Idaho

There are no SBIC Licensees currently located in Idaho

SBIC Licensees Located in Illinois

Aldine Capital Fund II, L.P.

      Michael J. Revord

      30 West Monroe Street, Suite 710

      Chicago, IL  60603

      Phone:      (312)346-3950     Fax:  (312)346-3930

      Email:      mrevord@aldinecapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Aldine SBIC Fund, L.P.

      Albert L. Brahm, Contact

      30 West Monroe Street

      Suite 710

      Chicago, IL  60603

      Phone:      (312)346-3950     Fax:  (312)346-3930

      Email:      bbrahm@aldinecapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $8,000,00

      TYPE OF CAPITAL PROVIDED

      Mezzanine and Equity

      FUNDING STAGE PREFERENCE

      Growth or Late Stage

      INDUSTRY PREFERENCE

      Will not pursue turnaround

      or early stage situations, real

      estate, finance or insurance.

      GEOGRAPHIC PREFERENCES

      Nationwide w/Midwest

      focus

      DESCRIPTION OF FIRM'S FOCUS

Alpha Capital III SBIC, L.P.

      Andrew H. Kalnow, Contact

      122 South Michigan Avenue

      Suite 1700

      Chicago, IL  60603

      Phone:      (312)322-9800     Fax:  (312)322-9808

      Email:      AHKalnow@alphacapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

BA Capital Company, L.P.

      Emili de la Cruz

      135 S. LaSalle Street, 8th Floor

      Mail Code IL4-135-08-13

      Chicago, IL  60603

      Phone:      (312)828-8625     Fax:  (312)453-3855

      Email:      gregory.costigan@bankofamerica.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $40,000,0

      Preferred Max:    $150,000,

      TYPE OF CAPITAL PROVIDED

      Equity

      Sub. Debt w/Warrants

      FUNDING STAGE PREFERENCE

      Later Stage

      Expansion

      MBO

      LBO

      Acquisition

      INDUSTRY PREFERENCE

      Healthcare, Information

      Technology, Media &

      Entertainment, Retail, Energy

      Telecommunications, Power

      Financial Services, Industrials

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

      Invests in middle market companies as well

      as smaller, higher growth firms in a broad

      array of industries. Provide venture &

      risk capital for growth financings,

      buyouts, acquisitions, recapitalizations &

      other situations requiring equity.

Banc of America Capital Investors SBIC, L.P.

      Emili de la Cruz, 312-828-8685

      135 S. LaSalle Street, 8th Floor

      Mail Code IL4-135-08-13

      Chicago, IL  60603

      Phone:      (704)944-0966     Fax:  (704)944-0973

      Email:      gregory.costigan@bankofamerica.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $40,000,0

      Preferred Max:    $150,000,

      TYPE OF CAPITAL PROVIDED

      Equity

      Sub. Debt w/Warrants

      FUNDING STAGE PREFERENCE

      Later Stage

      Expansion

      MBO

      LBO

      Acquisition

      INDUSTRY PREFERENCE

      Healthcare, Information

      Technology, Media &

      Entertainment, Retail, Energy

      Telecommunications, Power

      Financial Services, Industrials

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

      Invests in middle market companies as well

      as small, higher growth firms in a broad

      array of industries.  Provide venture & risk

      capital for growth financings, buyouts,

      acquisitions, recapitalizations and other

      situations requiring equity.

BancAmerica Capital Investors SBIC II, L.P.

      Emili de la Cruz, 312-828-8685

      135 S. LaSalle Street, 8th Floor

      Mail Code IL4-135-08-13

      Chicago, IL  60603

      Phone:      (312)828-2287     Fax:  (312)923-0668

      Email:      gregory.costigan@bankofamerica.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

BancBoston Ventures, Incorporated

      Gregory Costigan

      135 S. LaSalle Street, 8th Floor

      Mail Code IL4-135-08-13

      Chicago, IL  60603

      Phone:      (704)683-5741     Fax:  (704)388-2746

      Email:      gregory.costigan@bankofamerica.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $1,000,00

      Preferred Max:    $20,000,0

      TYPE OF CAPITAL PROVIDED

      Equity

      Mezzanine

      FUNDING STAGE PREFERENCE

      Early Stage

      Expansion

      Later Stage

      INDUSTRY PREFERENCE

      Healthcare

      Media

      Communications

      Information Technology

      Diversified

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

CapX Fund IV, L.P.

      Jeffry S. Pfeffer, Contact

      155 N. Wacker Drive, Suite 1760

      Chicago, IL  60606

      Phone:      (312)629-2878     Fax:  (312)629-2874

      Email:      jspfeffer@capxpartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

CFB Venture Fund L.P.

      Dan W. O' Connell

      120 S. Riverside, Suite 2160

      Chicago, IL  60606

      Phone:      (312)466-9276     Fax:  (312)466-9278

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Channel Medical Partners, L.P.

      Carol Winslow

      1210 Chicago Avenue, Suite 703

      Evanston, IL  60202

      Phone:      (847)779-1502     Fax:  (847)779-1535

      Email:      cwinslow@chanmed.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $5,000,00

      TYPE OF CAPITAL PROVIDED

      Equity

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      Medical Technology

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

Dunrath Capital Infrastructure Surety Fund, L.P.

      John Abernethy, Contact

      701 Harger Road

      Suite 150

      Oak Brook, IL  60523

      Phone:      (312)546-4700     Fax:  (312)386-9454

      Email:      steve@dunrath.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Fidus Mezzanine Capital II, L.P.

      Edward H. Ross, Contact

      1603 Orrington Avenue, Suite 1005

      Evanston, IL  60201

      Phone:      (847)859-3941     Fax:  (847)859-3953

      Email:      eross@fidusinv.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

     
Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Fidus Mezzanine Capital, L.P.

      Edward H. Ross, Contact

      1603 Orrington Avenue, Suite 1005

      Evanston, IL  60201

      Phone:      (847)859-3940     Fax:  (847)859-3953

      Email:      eross@fiduspartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $4,000,00

      Preferred Max:    $15,000,0

      TYPE OF CAPITAL PROVIDED

      Loans, Debt

      Equity

      Co-investment (non-control)

      FUNDING STAGE PREFERENCE

      Later Stage

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      Midwest

      Northeast

      Southeast

      DESCRIPTION OF FIRM'S FOCUS

      Fidus Mezzanine provides flexible junior

      capital solutions to support growth and

      value creation strategies of middle market

      companies.

Freeport Financial SBIC Fund LP

      Joseph V. Walker

      200 South Wacker Drive

      Suite 750

      Chicago, IL  60606

      Phone:      (312)281-4609     Fax:  (312)589-3002

      Email:      jwalker@freeportfinancial.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Granite Creek FlexCap I, L.P.

      Mark A. Radzik, Contact

      222 West Adams, Suite 1980

      Chicago, IL  60606

      Phone:      (312)895-4503     Fax:  (312)895-4509

      Email:      Mark@GraniteCreek.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $4,000,00

      Preferred Max:    $6,000,00

      TYPE OF CAPITAL PROVIDED

      Debt or debt/equity securities

      FUNDING STAGE PREFERENCE

      Later Stage/Growth

      INDUSTRY PREFERENCE

      Business services

      Consumer products

      Distribution

      Manufacturing

      Healthcare

      GEOGRAPHIC PREFERENCES

      National with a focus on

      the midwest.

      DESCRIPTION OF FIRM'S FOCUS

      Mezzanine and equity investment opport-

      unities in middle market, small business

      with minimum revenues of $10 million,

      positive EBITDA, and  a scalable business

      operating model.

High Street Capital IV SBIC, L.P.

      Joseph R. Katcha, Contact

      150 North Wacker Drive, Suite 2420

      Chicago, IL  60606

      Phone:      (312)423-2650     Fax:  (312)267-2861

      Email:      joe@highstreetcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Debt-60%

      Equity-40%

      FUNDING STAGE PREFERENCE

      Change of Control-90%

      Later Stage-10%

      INDUSTRY PREFERENCE

      Healthcare/Life Sciences-20%

      Manufacturing-20%

      Distribution-20%

      Services-40%

      GEOGRAPHIC PREFERENCES

      Northeast-10%

      Midwest-50%

      Southeast-30%

      Southwest-10%

      DESCRIPTION OF FIRM'S FOCUS

      Value Added via active Asset Managers

      Help Build the company and EBITDA via

      strategy refinement, building the management

      team, and improving operational

      performance.

Invision Capital I, L.P.

      Robert J. Castillo, Contact

      225 W. Washington Street, Suite 1155

      Chicago, IL  60606

      Phone:      (312)236-4600     Fax:  (312)893-3841

      Email:      rcastillo@invisioncapitalgroup.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

LaSalle Capital Group II-A, L.P.

      Andrew Shackelford, Contact

      70 W Madison Street,  Suite 5710

      Chicago, IL  60602-4370

      Phone:      (312)236-7041     Fax:  (312)236-0720

      Email:      ashackelford@lasallecapitalgroup.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

LaSalle Capital Group, L.P.

      Andrew Shackelford, CFO

      70 W Madison Street,  Suite 5710

      Chicago, IL  60602-4370

      Phone:      (312)236-7041     Fax:  (312)236-0720

      Email:      ashackelford@lasallecapitalgroup.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

MidWest Mezzanine Fund V SBIC, L.P.

      Paul Kreie

      55 W. Monroe Avenue, Suite 3650

      Chicago, IL  60603

      Phone:      (312)291-7303     Fax:  (312)345-0665

      Email:      pkreie@mmfcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

MK Capital SBIC, L.P.

      Bret R. Maxwell, Contact

      1033 Skokie Boulevard, Suite 430

      Northbrook, IL  60062

      Phone:      (312)324-7703     Fax:  (312)324-7713

      Email:      bmaxwell@mkcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Monroe Capital Corporation SBIC, LP

      Ted Koenig, Contact

      311 S. Wacker Drive, Suite 6400

      Chicago, IL  60606

      Phone:      (312)523-2360     Fax:  (312)258-8350

      Email:      tkoenig@monroecap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Monroe Capital Partners Fund II, LP

      Ted Koenig, Contact

      311 S. Wacker Drive, Suite 6400

      Chicago, IL  60606

      Phone:      (312)523-2360     Fax:  (312)258-8350

      Email:      tkoenig@monroecap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Monroe Capital Partners Fund LP

      Ted Koenig, Contact

      311 S. Wacker Drive, Suite 6400

      Chicago, IL  60606-6710

      Phone:      (312)523-2360     Fax:  (312)258-8350

      Email:      tkoenig@monroecap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Prism Mezzanine Fund SBIC, L.P.

      Robert Finkel, Contact

      444 N. Michigan Avenue, Suite 1910

      Chicago, IL  60611

      Phone:      (312)464-7900     Fax:  (312)464-7915

      Email:      robert@prismfund.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Vogen Funding, L.P.

      Jeffry S. Pfeffer, Contact

      155 N. Wacker Drive, Suite 1760

      Chicago, IL  60606

      Phone:      (312)629-2878     Fax:  (312)629-2874

      Email:      jspfeffer@capxpartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Equipment Leases

      Loans

      Secured Mezzanine

      FUNDING STAGE PREFERENCE

      Late Stage Venture

      Growth Capital

      Buyout

      INDUSTRY PREFERENCE

      Manufacturing

      Distribution

      Technology/Telecom

      Business Services

      GEOGRAPHIC PREFERENCES

      National Footprint

      DESCRIPTION OF FIRM'S FOCUS

      CapX Partners, founded in 1999, is a equip-

      ment financing and secured mezzanine fund

      focusing on transaction sizes of $2-$10m for

      private equity and venture backed portfolio

      companies. CapX is investing out of its

      $150m third fund (Vogen).

VPC SBIC I, LP

      Brendan Carroll

      227 W. Monroe, Suite 3900

      Chicago, IL  60606

      Phone:      (312)701-0785     Fax:  (312)701-0794

      Email:      jschneider@vpcadvisors.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Indiana

1st Source Capital Corporation

      Andrea Short, SVP and CFO

      100 North Michigan Street

      4th Floor

      South Bend, IN  46634

      Phone:      (574)235-2416     Fax:  (574)235-2227

      Email:      shorta@1stsource.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $300,000

      Preferred Max:    $600,000

      TYPE OF CAPITAL PROVIDED

      Equity

      Debt with Equity

      FUNDING STAGE PREFERENCE

      Later Stage

      Expansion

      Acquisitions

      MBO

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      Midwest

      DESCRIPTION OF FIRM'S FOCUS

      Financings sought include second/third stage

      financings for companies with significant

      growth potential, acquisitions, management

      buyouts, and transfers of ownership.

      Of primary interest are companies involved

      in manufacturing, sales or distribution.

Cambridge Ventures, LP

      Ms. Jean Wojtowicz, President

      4181 East 96th Street

      Suite 200

      Indianapolis, IN  46240

      Phone:      (317)814-6192     Fax:  (317)844-9815

      Email:      jwojtowicz@cambridgecapitalmgmt.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $100,000

      Preferred Max:    $1,000,00

      TYPE OF CAPITAL PROVIDED

      Subordinate Debt

      Equity

     
Debt

      FUNDING STAGE PREFERENCE

      Expansion

      Acquisition

      MBO

      INDUSTRY PREFERENCE

      Diversified

      Manufacturing

      GEOGRAPHIC PREFERENCES

      Within 200 miles of IN

      DESCRIPTION OF FIRM'S FOCUS

      Prefers to invest in companies that are

      cash flow positive, in need of growth,

      expansion or acquisition capital.

CCP III-SBIC, L.P.

      D. Scott Lutzke

      10 West Market Street, Suite 3030

      Indianapolis, IN  46204

      Phone:      (317)237-2321     Fax:  (317)237-2325

      Email:      scott@centerfieldcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Centerfield Capital Partners, L.P.

      D. Scott Lutzke, Contact

      3030 Market Tower

      10 West Market Street

      Indianapolis, IN  46204

      Phone:      (317)237-2323     Fax:  (317)237-2325

      Email:      SCOTT@centerfieldcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Kansas

Kansas Venture Capital, Inc.

      Marshall D. Parker

      10601 Mission Road, Suite 250

      Leawood, KS  66206

      Phone:      (913)262-7117     Fax:  (913)262-3509

      Email:      mparker@kvci.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $1,000,00

      Preferred Max:    $3,000,00

      TYPE OF CAPITAL PROVIDED

      Equity

      Subordinated Debt

      FUNDING STAGE PREFERENCE

      No Seed

      All Other Stages

      INDUSTRY PREFERENCE

      Manufacturing

      Diversified

      GEOGRAPHIC PREFERENCES

      Primarily Midwest

      DESCRIPTION OF FIRM'S FOCUS

      Invests in a variety of enterprises with

      significant growth potential which are

      operated by exceptional management teams.

      Provides later stage capital for expansion

      acquisition or stockholder

      liquidity purposes.

MidStates Capital Fund II, L.P.

      Tim Keeble, Contact

      7300 West 110th  Street, 7th Floor

      Overland Park, KS  66210

      Phone:      (913)962-9007     Fax:  (913)962-0699

      Email:      timk@midstatescap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

MidStates Capital Fund III, L.P.

      Tim Keeble

      7300 West 110th Street, 7th Floor

      Overland Park, KS  66210

      Phone:      (913)962-9007     Fax:  (913)962-0699

      Email:      timk@midstatescap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Kentucky

Mountain Ventures, Inc.

      L. Ray Moncrief, President

      362 Old Whitley Road, P.O. Box 1738

      London, KY  40743

      Phone:      (606)864-5175     Fax:  (606)864-5194

      Email:      BMcDaniel@khic.org

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $100,000

      Preferred Max:    $350,000

      TYPE OF CAPITAL PROVIDED

      Loan

      Debt

      Equity

      FUNDING STAGE PREFERENCE

      Seed

      Early

      Expansion

      Later Stages

      INDUSTRY PREFERENCE

     
Diversified

      GEOGRAPHIC PREFERENCES

      Southeast Kentucky

      DESCRIPTION OF FIRM'S FOCUS

      Prefers to invest in firms to be located

      in Eastern Kentucky.

SBIC Licensees Located in Louisiana

Jefferson Capital Partners II, LP

      Francis T. Cazayoux, Jr.

      #5 Sanctuary Boulevard, Suite 103

      Mandeville, LA  70471

      Phone:      (985)727-7232     Fax:  (985)727-7213

      Email:      pgiffin@jeffcap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

LongueVue Capital Partners II, LP

      Max Vorhoff, Contact

      111 Veterans Boulevard., Suite 1020

      Metairie, LA  70005

      Phone:      (504)293-3610     Fax:  (504)293-3636

      Email:      mvorhoff@lvcpartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $6,500,00

      Preferred Max:    $6,500,00

      TYPE OF CAPITAL PROVIDED

      Equity - 30%

      Debt - 35%

      Loan - 35%

      FUNDING STAGE PREFERENCE

      Later Stage - 35%

      Change of Control - 35%

      Turnaround - 15%

      Expansion - 15%

      INDUSTRY PREFERENCE

      Service - 25%

      Other - 20%

      Manufacturing - 15%

      Distribution - 12.5%

      Technology - 10%

      GEOGRAPHIC PREFERENCES

      Southeast - 50%

      Mid-Atlantic - 10%

      MidWest - 10%

      Northeast - 10%

      West - 10%

      DESCRIPTION OF FIRM'S FOCUS

      Target Revenue - $10M - $100M

      Target EBITDA - $2M - $10M

      Total Companies - 15+

SBIC Licensees Located in Massachusetts

Ascent Venture Partners IV-A, L.P.

      Brian Girvan, Contact

      255 State Street, 5th Floor

      Boston, MA  02109

      Phone:      (617)720-9400     Fax:  (617)720-9401

      Email:      tscanlon@ascentvp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Citizens Ventures, Inc.

      Joshua Conlon -  EVP, Director

      28 State St., 11th Floor MS 1000

      Boston, MA  02109

      Phone:      (617)994-7084     Fax:  (617)742-9471

      Email:      joshua.conlon@rbscitizens.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:

      TYPE OF CAPITAL PROVIDED

      Subordinated Debt

      Equity

      FUNDING STAGE PREFERENCE

      MBO

      Acquisition

      Growth

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      Northeast

      Midwest

      Southeast

      DESCRIPTION OF FIRM'S FOCUS

Crescent Direct Lending SBIC Fund, L.P.

      John Bowman

      One Post Office Square, 36th Floor

      Boston, MA  02109

      Phone:      (617)854-1501     Fax:  (617)854-1550

      Email:      john.bowman@crescentcap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Crystal Financial SBIC LP

      Ward K. Mooney

      Two International Place, 17th Floor

      Boston, MA  02110

      Phone:      (617)428-8700     Fax:  (617)428-8701

      Email:      colin@crystalsbic.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Draper Fisher Jurvetson New England Fund I (SBIC), L.P.

      Todd Hixon, Contact

      One Broadway, 14th Floor

      Cambridge, MA  02142

      Phone:      (617)758-4213     Fax:  (617)758-4101

      Email:      todd@navfund.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

      This fund is no longer investing in new

      portfolio companies.

Gemini Investors III, L.P.

      David F. Millet, Contact

      20 William Street, Suite 250

      Wellesley, MA  02481

      Phone:      (781)237-7001     Fax:  (781)237-7233

      Email:      mkeis@gemini-investors.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Gemini Investors IV, L.P.

      Matt Keis, Contact

      20 William Street, Suite 250

      Wellesley, MA  02481

      Phone:      (781)237-7001     Fax:  (781)237-7233

      Email:      mkeis@gemini-investors.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

     
FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Gemini Investors V, L.P.

      Matthew E. Keis, Contact

      20 William Street, Suite 250

      Wellesley, MA  02481

      Phone:      (781)237-7001     Fax:  (781)237-7233

      Email:      mkeis@gemini-investors.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

High Peaks Seed Ventures, L.P.

      Russell Howard, Contact

      One Bank Street, 2nd Floor

      Williamstown, MA  01267

      Phone:      (518)720-3090     Fax:  (518)720-3091

      Email:      Russ@HPVP.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

High Peaks Ventures, L.P.

      Russell Howard, Contact

      One Bank Street, 2nd Floor

      Williamstown, MA  01267

      Phone:      (518)720-3090     Fax:  (518)720-3091

      Email:      Russ@HPVP.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $750,000

      Preferred Max:    $3,000,00

      TYPE OF CAPITAL PROVIDED

      Equity Capital

      FUNDING STAGE PREFERENCE

      Early Stage

      INDUSTRY PREFERENCE

      Technology

      GEOGRAPHIC PREFERENCES

      New York State

      DESCRIPTION OF FIRM'S FOCUS

      High Peaks is a venture capital firm focused

      on investments in market leading, early

      stage tech. companies.  High Peaks closed

      its inaugural fund in '04 & is actively in-

      vesting in NY state and thru-out the north-

      east focusing on internet-enabled business.

Lancet Capital Health Ventures, L.P.

      William Golden, Manager

      245 First Street

      Suite 1800

      Cambridge, MA  02142

      Phone:      (617)444-8582     Fax:  (617)444-8405

      Email:      wgolden@lancetcapital.com

     
INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $100,000

      Preferred Max:    $2,500,00

      TYPE OF CAPITAL PROVIDED

      Private Equity

      FUNDING STAGE PREFERENCE

      Seed

      Early Stage

      INDUSTRY PREFERENCE

      Biomedical

      GEOGRAPHIC PREFERENCES

      Northeast US

      DESCRIPTION OF FIRM'S FOCUS

      Invest primarily in medical device, drug

      discovery, bioinformatics companies.

Long River Ventures III, L.P.

      Tripp Peake

      7 North Pleasant Street, Suite 2C

      Amherst, MA  01002

      Phone:      (413)587-2155     Fax:  (413)587-2156

      Email:      tpeake@longriverventures.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Pine Street Capital Partners II, L.P.

      David Morris

      572 Washington Street

      The Rotunda Building, Wuite 16

      Wellesley, MA  12207-

      Phone:      (781)237-0005

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Seacoast Capital Partners II, L.P.

      Thomas Gorman, Contact

      55 Ferncroft Road, Suite 110

      Danvers, MA  01923

      Phone:      (978)750-1311     Fax:  (978)750-1301

      Email:      tgorman@seacoastcapital.com

      INVESTMENT CRITERIA

     
INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Seacoast Capital Partners III, L.P.

      Thomas Gorman, Contact

      55 Ferncroft Road, Suite 110

      Danvers, MA  01923

      Phone:      (978)750-1311     Fax:  (978)750-1301

      Email:      tgorman@seacoastcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

     
Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SEED Ventures, L.P.

      Thomas Wooters, Contact

      80 Dean Street

      Taunton, MA  02780

      Phone:      (508)822-1020     Fax:  (508)880-7869

      Email:      tom@seedvf.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $100,000

      Preferred Max:    $1,250,00

      TYPE OF CAPITAL PROVIDED

      75%: Loan and debt

     
25%: Equity

      FUNDING STAGE PREFERENCE

      20-30%: startup & dvlpmnt

      70-80%: Exp & Later

      INDUSTRY PREFERENCE

      no industry specific

      GEOGRAPHIC PREFERENCES

      southeast Massachusetts

      DESCRIPTION OF FIRM'S FOCUS

Ticonderoga SBIC, L.P.

      Craig A.T. Jones, Contact

      25 Braintree Hill Park, Suite 200

      Braintree, MA  02184

      Phone:      (781)416-3400     Fax:  (781)416-9868

      Email:      cjones@ticonderogacap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Maryland

Farragut Mezzanine Partners III, L.P.

      Philip McNeill

      5425 Wisconsin Avenue, Suite 401

      Chevy Chase, MD  20815

      Phone:      (301)913-5293     Fax:  (301)913-5969

      Email:      pmcneill@farragutcapitalpartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Legg Mason SBIC Mezzanine Fund, L.P.

      Andrew L. John, Contact

      2330 W. Joppa Road, Suite 320

      Lutherville, MD  21093

      Phone:      (443)573-3700     Fax:  (443)573-3703

      Email:      ajohn@cscp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Multiplier Capital, LP

      Kevin P. Sheehan

      2 Wisconsin Circle, Suite 700

      Chevy Chase, MD  20815

      Phone:      (240)235-5062     Fax:  (240)345-1004

      Email:      sheehan@multipliercapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Patriot Capital II, L.P.

      Chris Royston, Contact

      509 South Exeter Street

      Suite 210

      Baltimore, MD  21202

      Phone:      (443)573-3010     Fax:  (443)573-3020

      Email:      croyston@patriot-capital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Patriot Capital III SBIC, L.P.

      Chris M. Royston, Contact

      509 South Exeter Street

      Suite 210

      Baltimore, MD  21202

      Phone:      (443)573-3010     Fax:  (443)573-3020

      Email:      croyston@patriot-capital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Patriot Capital, L.P.

      Chris M. Royston, Contact

      509 South Exeter Street

      Suite 210

      Baltimore, MD  21202

      Phone:      (443)573-3010     Fax:  (443)573-3020

      Email:      croyston@patriot-capital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

RLJ Credit Opportunity Fund I, L.P.

      Trevoir D. Gregg, Contact

      3 Bethesda Metro Center, Suite 1000

      Bethesda, MD  20814

      Phone:      (240)744-7849     Fax:  (301)280-7762

      Email:      tgregg@rljcredit.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Spring Capital Partners II, L.P.

      Robert M. Stewart, Contact

      The Foxleigh Building, Suite 340

      2330 W. Joppa Road

      Lutherville, MD  21093

      Phone:      (410)685-8000     Fax:  (410)545-0015

      Email:      rms@springcap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Spring Capital Partners III, L.P.

      Robert M. Stewart

      The Foxleigh Building, Suite 340

      2330 W. Joppa Road

      Lutherville, MD  21093

      Phone:      (410)685-8000     Fax:  (410)545-0015

      Email:      rms@springcap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Maine

North Atlantic SBIC IV, L.P.

      Kimberley A. Niles, CFO

      Two City Center, 5th Floor

      Portland, ME  04101

      Phone:      (207)772-4470     Fax:  (207)772-3257

      Email:      kniles@northatlanticcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

North Atlantic Venture Fund V, L.P.

      Cheryl Hallett

      Two City Center, 5th Floor

      Portland, ME  04101

      Phone:      (207)772-4470     Fax:  (207)772-3257

      Email:      challett@northatlanticcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Michigan

Dearborn Capital Corp.   (SSBIC)

      Paul Rau

      c/o Ford Motor Credit Corporation

      The American Road

      Dearborn, MI  48121

      Phone:      (313)337-8577     Fax:  (313)390-3783

      Email:      mkehres@ford.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $250,000

      Preferred Max:    $1,000,00

      TYPE OF CAPITAL PROVIDED

      Loans

      FUNDING STAGE PREFERENCE

      Expansion

      Later Stage

      LBO

      Acquisition

      INDUSTRY PREFERENCE

      Automotive

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

      Provides financial and management

      assistance to minority-owned businesses

      that are suppliers of Ford Motor Company.

EDF Ventures II, L.P.

      Mary Campbell, Contact

      425 North Main Street

      Ann Arbor, MI  48104-1147

      Phone:      (734)663-3213     Fax:  (734)663-7358

      Email:      fingerle@edfvc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Minnesota

AAVIN Equity Partners I, L.P.

      Daryl Erdman

      2500 Rand Tower

      Minneapolis, MN  55402

      Phone:      (602)375-9966     Fax:  (319)363-9519

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Bayview Capital Partners II LP

      Cary Musech, Contact

      301 Carlson Parkway, Suite 325

      Minnetonka, MN  55305

      Phone:      (952)345-2035     Fax:  (952)345-2001

      Email:      cmusech@tonkabayequity.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $6,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      50% equity

      50% debt

      FUNDING STAGE PREFERENCE

      later stage

      INDUSTRY PREFERENCE

      manufacturing

      business services

      distribution

      GEOGRAPHIC PREFERENCES

      United States

      DESCRIPTION OF FIRM'S FOCUS

      Buyouts and recapitalizations.

Bayview Capital Partners III LP

      Shane Slominski, Contact

      301 Carlson Parkway, Suite 325

      Minnetonka, MN  55305

      Phone:      (952)345-2032     Fax:  (952)345-2001

      Email:      sslominski@tonkabayequity.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Convergent Capital Partners II, L.P.

      Keith Bares, Contact

      505 N. Highway 169, Suite 175

      Minneapolis, MN  55441

      Phone:      (763)432-4081     Fax:  (763)432-4085

      Email:      kbares@cvcap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $8,000,00

      TYPE OF CAPITAL PROVIDED

      Subordinated debt w/equity

      warrants or other yield

      enhancements

      FUNDING STAGE PREFERENCE

      Growth and Late Stage

      INDUSTRY PREFERENCE

      Convergent will consider

      investments in a broad

      range of industries.

      GEOGRAPHIC PREFERENCES

      Convergent will consider

      investments across the

      United States.

      DESCRIPTION OF FIRM'S FOCUS

      Convergent provides growth & acquisition

      capital to businesses committed to long-term

      sustainable growth.  We also structure in-

      vestments around recapitalizations, spon-

      sored  management buyouts, & add-on fin-

      ancings to our existing portfolio companies.

Convergent Capital Partners III, L.P.

      Keith Bares

      505 N. Highway 169, Suite 175

      Minneapolis, MN  55441

      Phone:      (763)432-4081     Fax:  (763)432-4085

      Email:      kbares@cvcap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

GMB Mezzanine Capital II, L.P.

      Carleton L. Olmanson, Contact

      50 South Sixth Street, Suite 1460

      Minneapolis, MN  55402

      Phone:      (612)243-4405     Fax:  (612)243-4446

      Email:      blindquist@gmbmezz.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

GMB Mezzanine Capital, L.P.

      Barry Lindquist, Contact

      50 South Sixth Street, Suite 1460

      Minneapolis, MN  55402

      Phone:      (612)243-4404     Fax:  (612)243-4446

      Email:      blindquist@gmbmezz.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $13,000,0

      TYPE OF CAPITAL PROVIDED

      All-coupon, fixed rate subor-

      dinated notes with nominally-

      priced warrants.

      FUNDING STAGE PREFERENCE

      Mature companies w/sound

      historical financial per-

      formance and diversified

      product,customer and

      supplier base.

      INDUSTRY PREFERENCE

      Niche manufacturing and

      fabrication, value-added

      distribution and service

      companies.

      GEOGRAPHIC PREFERENCES

      United States only.

      DESCRIPTION OF FIRM'S FOCUS

      Investments, as described above, in priv-

      ately-owned companies of less than $100m of

      enterprise value.  We will participate as a

      sole investor, a lead investor for co-invest

      ment group, or as a co-investor w/another

      institutional investor.

LFE Growth Fund III, LP

      Leslie Frecon

      319 Barry Avenue South

      Suite 215

      Wayzata, MN  55391-

      Phone:      (612)752-1801     Fax:  (612)752-1800

      Email:      lfrecon@lfecapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Marquette Capital Fund II, L.P.

      Thomas Jenkins, Contact

      60 South Sixth Street, Suite 3510

      Minneapolis, MN  55402

      Phone:      (612)661-3990     Fax:  (612)661-3999

      Email:      tom.jenkins@marquettecapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Medallion Capital, Inc.

      Dean Pickerell

      3000 W. County Road 42, Suite 301

      Burnsville, MN  55337-4827

      Phone:      (952)831-2025     Fax:  (952)831-2945

      Email:      mvannelli@medallioncapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $1,000,00

      Preferred Max:    $5,000,00

      TYPE OF CAPITAL PROVIDED

      Senior Debt

      Subordinated Debt

      FUNDING STAGE PREFERENCE

      Acquisition

      MBO

      Later Stage

      INDUSTRY PREFERENCE

      Communications

      Technology

      Manufacturing

      Services

      GEOGRAPHIC PREFERENCES

      Midwest

      National

      DESCRIPTION OF FIRM'S FOCUS

      Private Equity-Sponsored buyouts.

Spell Capital Mezzanine Partners SBIC, LP

      Andrew P. Leonard

      222 South Ninth Street, Suite 2880

      Minneapolis, MN  55402

      Phone:      (612)371-9650     Fax:  (612)371-9651

      Email:      andrea@spellcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Trailhead Fund Limited Partnership

      Jason T. Brass

      Goldner Hawn Johnson & Morrison Inc.

      3700 Wells Fargo Ctr., 90 S. Seventh St.

      Minneapolis, MN  55402-4128

      Phone:      (612)338-5912     Fax:  (612)338-2860

      Email:      goldstein@ghjm.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

     
TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Missouri

C3 Capital Partners II, L.P.

      Patrick F. Healy, Contact

      1511 Baltimore Ave

      Suite 500

      Kansas City, MO  64108

      Phone:      (816)756-2225     Fax:  (816)756-5552

      Email:      phealy@C3cap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Subordinated Debt,

      with detachable warrants

      FUNDING STAGE PREFERENCE

      Mature companies (no-

      turnarounds or start-ups)

      INDUSTRY PREFERENCE

      Chemicals, energy

      business services

      distribution and

      high valued-added

      manufacturing

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

      Partnering with entrepreneurs to accomplish

      a transaction where the funds are used for

      growth capital, strategic acquisitions,

      ownership transitions or recapitalizations.

C3 Capital Partners III, L.P.

      Patrick F. Healy

      1511 Baltimore Ave

      Suite 500

      Suite 500

      Kansas City, MO  64108

      Phone:      (816)756-2225     Fax:  (816)756-5552

      Email:      phealy@C3cap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

C3 Capital Partners, LP

      Patrick F. Healy and  Mikala January

      1511 Baltimore Avenue

      Suite 500

      Kansas City, MO  64108

      Phone:      (816)756-2225     Fax:  (816)756-5552

      Email:      phealy@C3cap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Subordinated debt

      w/detachable warrants

      FUNDING STAGE PREFERENCE

      Mature companies (no

      turnarounds or start-ups)

      INDUSTRY PREFERENCE

      Chemicals, energy

      business services

      distribution and high

      value-added manufacturing

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

     
Partnering with entrepreneurs to accomplish

      a transaction where the funds are used for

      growth capital, strategic acquisitions,

      ownerships transitions or recapitalizations.

CFB Venture Fund L.P.

      Greg L. Gaeddert

      1000 Walnut, 18th Floor

      Kansas City, MO  64106

      Phone:      (816)234-2357     Fax:  (816)234-2952

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

CFB Venture Fund L.P.

      Stephen B. Brown, Managing Partner

      11 South Meramec, Suite 1430

      Saint Louis, MO  63105

      Phone:      (314)746-7427     Fax:  (314)746-8739

      Email:      Bill.Witzofsky@capitalforbusiness.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

      FULLY INVESTED

Eagle Fund I, L.P.

      Sarah Chavez, CFO

      1 N. Brentwood, Suite 1550

      Saint Louis, MO  63105

      Phone:      (314)754-1400     Fax:  (314)754-1430

      Email:      bmg@bushodonnell.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Eagle Fund II, L.P.

      Sarah Chavez, CFO

      1 N. Brentwood, Suite 1550

      Saint Louis, MO  63105

      Phone:      (314)754-1400     Fax:  (314)754-1430

      Email:      sdf@bushodonnell.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Eagle Fund III, L.P.

      Sarah Chavez, CFO

      1 N. Brentwood, Suite 1550

      Saint Louis, MO  63105

      Phone:      (314)754-1400     Fax:  (314)754-1430

      Email:      schavez@eagleprivatecapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Eagle Fund III-A, L.P.

      Sarah Chavez, CFO

      1 N. Brentwood, Suite 1550

      Saint Louis, MO  63105

      Phone:      (314)754-1400     Fax:  (314)154-1430

      Email:      bmg@bushodonnell.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

RiverVest Venture Fund I, L.P.

      Thomas C. Melzer, Contact

      101 S. Hanley Road, Suite 1850

      Saint Louis, MO  63105

      Phone:      (314)726-6700     Fax:  (314)726-6715

      Email:      mslavich@rivervest.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

UMB Capital Corporation, Inc.

      Christian P. Roth, Manager

      1010 Grand Boulevard

      Mail Stop 1020204

      Kansas City, MO  64106

      Phone:      (816)860-4871     Fax:  (816)860-7143

      Email:      christian.roth@umb.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:    $500,000

      TYPE OF CAPITAL PROVIDED

      Loans

      Equity

      Debt w/Equity

      FUNDING STAGE PREFERENCE

      Later Stage

      INDUSTRY PREFERENCE

      Manufacturing

      GEOGRAPHIC PREFERENCES

      Midwest

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Mississippi

There are no SBIC Licensees currently located in Mississippi

SBIC Licensees Located in Montana

There are no SBIC Licensees currently located in Montana

SBIC Licensees Located in North Carolina

BB&T Capital Partners II, LLC

      David Townsend, Managing Partner

      101 N. Cherry Street, Suite 700

      Winston-Salem, NC  27101-4019

      Phone:      (336)733-0355     Fax:  (336)733-0349

      Email:      dgtownsend@bbandt.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $5,000,00

      Preferred Max:    $15,000,0

      TYPE OF CAPITAL PROVIDED

      Equity

      FUNDING STAGE PREFERENCE

      Buyout

      Acquisitions

      MBO

      Recapitalization

      Consolidation

      INDUSTRY PREFERENCE

      Cash flow-oriented busi-

      nesses w/critical mass in any

      industry except high tech.,

      real estate and financial

      services.

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

      Seeks to invest in companies w/experienced

      management, a demonstrated need for the

      company's products or services, and sus-

      tainable competitive advantages allowing for

      profitable growth both organically and thru

      strategic acquisitions.

BB&T Capital Partners Mezzanine Fund II, L.P.

      David Townsend, Contact

      101 N. Cherry Street, Suite 700

      Winston-Salem, NC  27101-4010

      Phone:      (336)733-0355     Fax:  (336)733-0349

      Email:      dgtownsend@bbandt.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

BB&T Capital Partners, LLC

      David Townsend & Martin Gilmore, Mgrs.

      101 N. Cherry Street, Suite 700

      Winston-Salem, NC  27101-4019

      Phone:      (336)733-0355     Fax:  (336)733-0349

      Email:      dgtownsend@bbandt.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

      No longer seeking new investments.

BB&T Capital Partners/Windsor Mezzanine Fund, LLC

       David Townsend

      101 N. Cherry Street, Suite 700

      Winston-Salem, NC  27101-4019

      Phone:      (336)733-0355     Fax:  (336)733-0349

      Email:      dgtownsend@bbandt.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $5,000,00

      Preferred Max:    $15,000,0

      TYPE OF CAPITAL PROVIDED

      Subordinated debt (with/with-

      out warrants) Equity co-invest

      -ments w/subordinated debt.

      FUNDING STAGE PREFERENCE

      Buyout

      Acquisitions

      MBO

      Recapitalization

      Consolidation

      INDUSTRY PREFERENCE

      Cash flow-oriented busi-

      ness w/critical mass in any

      industry except high tech-

      nology, real estate and

      financial services.

      GEOGRAPHIC PREFERENCES

      National

      OGC - Mark Spellman

      DESCRIPTION OF FIRM'S FOCUS

      Seeks to invest in companies w/experienced

      management, a demonstrated need for the

      company's products or services, and

      sustainable competitive advantages allowing

      for profitable growth both organically and

      through strategic acquisitions.

CapitalSouth Partners Fund II, L.P.

      Jack McGlinn

      2530 Meridian Parkway, Suite 200

      Research Triangle Park

      Durham, NC  27713

      Phone:      (919)806-4590     Fax:  (866)801-6581

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

CapitalSouth Partners Fund II, L.P.

      Joseph B. Alala, Contact

      The Rotunda Building

      4201 Congress Street - Suite 360

      Charlotte, NC  28209

      Phone:      (704)376-5502     Fax:  (704)376-5877

      Email:      LGirts@capitalagroup.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

     
Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

CapitalSouth Partners SBIC Fund III, L.P.

      Joseph B. Alala, Contact

      The Rotunda Building

      4201 Congress Street - Suite 360

      Charlotte, NC  28209

      Phone:      (704)376-5502     Fax:  (704)376-5877

      Email:      LGirts@capitalagroup.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

CapitalSouth SBIC Fund IV, L.P.

      Joseph B. Alala, Contact

      The Rotunda Building

      4201 Congress Street - Suite 360

      Charlotte, NC  28209

      Phone:      (704)376-5502     Fax:  (704)376-5877

      Email:      LGirts@capitalagroup.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Frontier Fund I, L.P.

      Lori Shell, Contact

      1111 Metropolitan Avenue

      Suite 1050

      Charlotte, NC  28204

      Phone:      (704)414-2880     Fax:  (704)414-2881

      Email:      lori@frontiercapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Hatteras Venture Partners IV SBIC, LP

      Douglas Reed, M.D.

      280 South Mangum Street, Suite 350

      Durham, NC  27701

      Phone:      (919)484-0730     Fax:  (919)484-0364

      Email:      doug@hatterasvp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Kian Mezzanine Partners I, L.P.

      Kevin McCarthy

      4720 Piedmont Row Drive, Suite 421

      Charlotte, NC  28211

      Phone:      (704)943-2501     Fax:  (704)943-4457

      Email:      cedmondson@kiancapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Mosaic Capital Investors I, LP

      H. Dabney Smith

      101 South Tryon Street

      Suite 2620

      Charlotte, NC  28280

      Phone:      (919)636-6164     Fax:  (919)256-5015

      Email:      dsmith@mosaic-cp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

North Carolina Economic Opportunities Fund, L.P.

      H. Dabney Smith, Contact

      4109 English Garden Way

      Raleigh, NC  27612-

      Phone:      (919)610-8252

      Email:      dsmith@dogwoodequity.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $1,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Preferred Stock

      FUNDING STAGE PREFERENCE

      Buyout transactions

      Late Stage Growth

      INDUSTRY PREFERENCE

      Manufacturing

      Distribution

      Business Services

      Consumer Products

      GEOGRAPHIC PREFERENCES

      Southeastern

      United States

      DESCRIPTION OF FIRM'S FOCUS

      Control investments in companies that will

      typically have $5 million  to $50 million

      of existing revenues and are profitable.

Plexus Fund I, L.P.

      4601 Six Forks Road, Suite 528

      Raleigh, NC  27609

      Phone:      (919)256-6341     Fax:  (919)256-3650

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Plexus Fund I, L.P.

      Rhonda Penn, CFO, Contact

      200 Providence Road, Suite 210

      Charlotte, NC  28207

      Phone:      (919)253-6355     Fax:  (704)927-6255

      Email:      banders@plexuscap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Plexus Fund II, L.P.

      Rhonda Penn. CFO, Contact

      200 Providence Road, Suite 210

      Charlotte, NC  28207

      Phone:      (919)256-6355     Fax:  (704)927-6255

      Email:      banders@plexuscap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $8,000,00

      TYPE OF CAPITAL PROVIDED

      Growth, acquisition

      LBO, recaps

      FUNDING STAGE PREFERENCE

      Later

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      Southeast and

      Middle Atlantic

      DESCRIPTION OF FIRM'S FOCUS

      Provide growth capital to middle market

      companies through investments in

      subordinated debt and preferred equity

      securities.

Plexus Fund II, L.P.

      4601 Six Forks Road, Suite 528

      Raleigh, NC  27609

      Phone:      (919)256-6342     Fax:  (919)256-6350

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Plexus Fund III, L.P.

      Robert Anders

      200 Providence Road, Suite 210

      Charlotte, NC  28207

      Phone:      (704)927-6246     Fax:  (704)927-6255

      Email:      ronda@plexuscap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Plexus Fund QP III, L.P.

      Robert Anders

      200 Providence Road, Suite 210

      Charlotte, NC  28207

      Phone:      (704)927-6246     Fax:  (704)927-6255

      Email:      banders@plexuscap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Salem Investment Partners III, Limited Partnership

      Philip W. Martin

      1348 Westgate Center Drive, Suite 100

      P.O. Box 25684

      Winston-Salem, NC  27114

      Phone:      (336)245-4725     Fax:  (888)670-9182

      Email:      pmartin@salemip.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Growth, acquisition, MBO, LBO

      recaps

      FUNDING STAGE PREFERENCE

      Later stage

      INDUSTRY PREFERENCE

      No preference

      GEOGRAPHIC PREFERENCES

      Southeast, Mid-Atlantic

      Midwest

      DESCRIPTION OF FIRM'S FOCUS

      Provide patient growth capital to middle

      market companies by investing in

      subordinated debt and equity warrants.

SJF Ventures III, LP

      David A. Kirkpatrick

      200 N. Mangum Street, Suite 203

      Durham, NC  27701

      Phone:      (919)530-1177     Fax:  (919)530-1178

      Email:      dkirk@sjfventures.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Triangle Mezzanine Fund II, LP

      Brent Burgess, Contact

      3700 Glenwood Avenue, Suite 530

      Raleigh, NC  27612

      Phone:      (919)719-4788     Fax:  (919)719-4777

      Email:      bburgess@tcap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Triangle Mezzanine Fund LLLP

      Brent Burgess, Contact

      3700 Glenwood Avenue, Suite 530

      Raleigh, NC  27612

      Phone:      (919)719-4788     Fax:  (919)719-4777

      Email:      bburgess@tcap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $5,000,00

      Preferred Max:    $15,000,0

      TYPE OF CAPITAL PROVIDED

      Subordinated debt w/warrants

      Equity, equity co-investments,

      first & 2nd lien, unitranche.

      FUNDING STAGE PREFERENCE

      Later stage companies

      needing capital for buy-

      outs, recapitalizations,

      acquisitions or growth.

      INDUSTRY PREFERENCE

      Diverse

      GEOGRAPHIC PREFERENCES

      Throughout United States

      DESCRIPTION OF FIRM'S FOCUS

      We focus on investments in lower middle

      market companies with a history of

      generating revenues and positive cash flows,

      an established market position, and a proven

      management team with a strong operating

      discipline.

SBIC Licensees Located in North Dakota

North Dakota SBIC, L.P.

      John G. Cosgriff, Manager

      51 Broadway, Suite 400

      Fargo, ND  58102

      Phone:      (701)298-0003     Fax:  (701)293-7819

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Nebraska

FCP Fund II, L.P.

      David F. McLeese, Contact

      1620 Dodge Street

      Omaha, NE  68102

      Phone:      (402)602-3517     Fax:  (402)602-3477

      Email:      dmcleese@firstcapitalpartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in New Hampshire

There are no SBIC Licensees currently located in New Hampshire

SBIC Licensees Located in New Jersey

Contemporary Healthcare Fund I, LP

      Eric Smith, Contact

      1040 Broad Street, Suite 103

      Shrewsbury, NJ  07702

      Phone:      (732)578-0533     Fax:  (732)578-0501

      Email:      esmith@contemporarycapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Contemporary Healthcare Senior Lien Fund I, LP

      Eric Smith, Contact

      1040 Broad Street, Suite 103

      Shrewsbury, NJ  07702

      Phone:      (732)578-0533     Fax:  (732)578-0501

      Email:      esmith@contemporarycapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Edison Fund V, L.P.

      Ross Martinson, Contact

      1009 Lenox Drive, Suite 4

      Lawrenceville, NJ  08648

      Phone:      (609)873-9202     Fax:  (609)896-0066

      Email:      gayle@edisonventure.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $6,000,00

      TYPE OF CAPITAL PROVIDED

      Equity oriented instruments

      FUNDING STAGE PREFERENCE

      Expansion Stage

      INDUSTRY PREFERENCE

      Initial investment: $2 million

      to $6 million

      GEOGRAPHIC PREFERENCES

      New Jersey, Pennsylvania,

      Delaware, Maryland,

      Virginia

      DESCRIPTION OF FIRM'S FOCUS

      Technology - software, communications,

      computer services

Edison Venture Fund IV SBIC, L.P.

      Ross Martinson, Contact

      1009 Lenox Drive, Suite 4

      Lawrenceville, NJ  08648

      Phone:      (609)873-9202     Fax:  (609)896-0066

      Email:      rmartinson@edisonventure.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $1,000,00

      Preferred Max:    $5,000,00

      TYPE OF CAPITAL PROVIDED

      Equity Only

      FUNDING STAGE PREFERENCE

      Expansion

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      Mid-Atlantic: New Jersey,

      Pennsylvania, Delaware,

      Maryland, Virginia

      DESCRIPTION OF FIRM'S FOCUS

      Information Technology: software, services,

      communication,  internet, electronics

University Ventures, Inc.   (SSBIC)

      Leah Apgar

      c/o New Jersey Community Capital

      108 Church Street, 3rd Floor

      New Brunswick, NJ  08901

      Phone:      (732)640-2061     Fax:  (732)543-1201

      Email:      lapgar@njclf.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:    $150,000

      TYPE OF CAPITAL PROVIDED

      Loans w/Equity Features

      FUNDING STAGE PREFERENCE

      Early Stage

      Expansion

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      Northeast

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in New Mexico

There are no SBIC Licensees currently located in New Mexico

SBIC Licensees Located in Nevada

There are no SBIC Licensees currently located in Nevada

SBIC Licensees Located in New York

Accretive Investors SBIC, L.P.

      J. Michael Cline, Contact

      51 Madison Avenue, 31st Floor

      New York, NY  10010

      Phone:      (646)282-1920     Fax:  (646)390-0545

      Email:      mcline@accretivellc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,500,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Equity

      FUNDING STAGE PREFERENCE

      Seed and Growth

      INDUSTRY PREFERENCE

      Software

      Business Process Outsourcing

      and IT Enable Services.

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

      Accretive is focused on building leaders in

      business-to-business software, IT-enabled

      business services, and process outsourcing.

      These areas continue to address real

      business problems, have tremendous opport.

      for growth and value.

AEA Investors Small Business Fund LP

      John F. Cozzi, Contact

      666 Fifth Avenue

      36th Floor

      New York, NY  10103

      Phone:      (212)702-0504     Fax:  (212)702-0550

      Email:      jcozzi@aeainvestors.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $10,000,0

      Preferred Max:    $30,000,0

      TYPE OF CAPITAL PROVIDED

      Equity

      FUNDING STAGE PREFERENCE

      Growth

      Change of Control

      INDUSTRY PREFERENCE

      Consumer

      Industrial

      Services

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Ares Venture Finance, L.P.

      William DeMars

      245 Park Avenue, 44th Floor

      New York, NY 

      Phone:      (212)252-7525     Fax:  N/A

      Email:      wdemars@aresmgmt.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Argentum Capital Partners II, L.P.

      Daniel Raynor, Chairman

      60 Madison Avenue, Suite 701

      New York, NY  10010

      Phone:      (212)949-6262     Fax:  (212)949-8294

      Email:      sdberman@argentumgroup.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Equity

      Debt

      FUNDING STAGE PREFERENCE

      Later Stage

      Acquisitions

      MBO

      INDUSTRY PREFERENCE

      Healthcare Information

      Waste Management

      Software

      Communications

      General

      GEOGRAPHIC PREFERENCES

      East Coast

      National

      DESCRIPTION OF FIRM'S FOCUS

       investments in later stage growth

       companies for expansion, acquisitions,

       recapitalizations and management buyouts.

      Specializes in equity and mezzanine

Argentum Capital Partners III, L.P.

      Steve Berman

      60 Madison Avenue, Suite 701

      New York, NY  10010

      Phone:      (212)949-8511     Fax:  (212)949-8294

      Email:      sdberman@argentumgroup.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Argentum Capital Partners, LP

      Daniel Raynor, Chairman

      60 Madison Avenue, Suite 701

      New York, NY  10110

      Phone:      (212)949-8272     Fax:  (212)949-8294

      Email:      sdberman@argentumgroup.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $1,000,00

      Preferred Max:    $5,000,00

      TYPE OF CAPITAL PROVIDED

      Equity

      Mezzanine

      FUNDING STAGE PREFERENCE

      Expansion

      Later Stage

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

Bluehenge Capital Secured Debt SBIC, LP

      Ari David Kocen

      152 West 57th Street

      New York, NY  10019

      Phone:      (212)265-9383     Fax:  (212)999-6967

      Email:      adkocen@bluehenge.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Bridges Ventures U.S. Sustainable Growth Fund, L.P.

      Brian Trelstad

      1350 Avenue of the Americas, 29th Floor

      New York, NY  10019

      Phone:      (646)731-2759     Fax:  (212)731-2739

      Email:      brian@bridgesventures.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Brightwood Capital SBIC I, LP

      Damien R. Dwin, Contact

      810 Seventh Avenue, 26th Floor

      New York, NY  10019-

      Phone:      (646)957-9525     Fax:  (646)957-9265

      Email:      sba@brightwoodlp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Brightwood Capital SBIC II, LP   (SSBIC)

      Damien R. Dwin, Contact

      810 Seventh Avenue, 26th Floor

      New York, NY  10019-

      Phone:      (646)957-9525     Fax:  (646)957-9265

      Email:      sba@brightwoodlp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $25,000

      Preferred Max:    $200,000

      TYPE OF CAPITAL PROVIDED

      Loan, Debt

      Equity

      Subordinated Debt

      FUNDING STAGE PREFERENCE

      Seed

      Early Stage

      Acquisition, MBO

      Expansion

      Later Stage

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      National

      Mississippi

      DESCRIPTION OF FIRM'S FOCUS

      Focuses on a national marketing effort,

      in addition to raising additional dollars.

Brookside Pecks Capital Partners, L.P.

      Ray Weldon

      405 Park Avenue, 12th Floor

      New York, NY  10022

      Phone:      (212)935-6090     Fax:  (212)759-4831

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

CapitalSpring SBIC, L.P.

      Lisa Lersner, Contact

      950 3rd Avenue, 24th Floor

      New York, NY  10022

      Phone:      (212)981-0153     Fax:  (212)981-0159

      Email:      llersner@capitalspring.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      Deby

      FUNDING STAGE PREFERENCE

      Late Stage

      INDUSTRY PREFERENCE

      Services 10%

      Consumer Products & Retail - 90%

     
GEOGRAPHIC PREFERENCES

      West 35%

      Northeast 35%

      Other 30%

      DESCRIPTION OF FIRM'S FOCUS

      Brand name franchises financing

Cephas Capital Partners II, L.P.

      Jeff Holmes, Contact

      11 Schoen Place, 8th Floor

      Pittsford, NY  14534

      Phone:      (585)383-1610     Fax:  (585)383-1613

      Email:      ccampbell@cephascapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Cephas Capital Partners L.P.

      Clint Campbell, Jeff Holmes, Mgrs.

      11 Schoen Place, 8th Floor

      Pittsford, NY  14534

      Phone:      (585)383-1610     Fax:  (585)383-1613

      Email:      ccampbell@cephascapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $500,000

      Preferred Max:    $1,000,00

      TYPE OF CAPITAL PROVIDED

      Debt

      Subordinated Debt

      Preferred Stock

      FUNDING STAGE PREFERENCE

      Acquisition

      Growth

      MBO

      Recaptalization

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      Upstate New York

      DESCRIPTION OF FIRM'S FOCUS

      Seeks to invest in established companies

      with experienced management teams

      with opportunities for growth.

Deerpath Capital II, L.P.

      James H. Kirby, Contact

      405 Lexington Avenue, 71st Floor

      New York, NY  10174

      Phone:      (646)786-1022     Fax:  (646)417-7095

      Email:      jkirby@deerpathcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Deerpath Funding, L.P.

      James H. Kirby, Contact

      405 Lexington Avenue, 71st Floor

      New York, NY  10174

      Phone:      (646)786-1022     Fax:  (646)417-7095

      Email:      jkirby@deerpathcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

DeltaPoint Capital III, L.P.

      David H. Waterman, Managing Director

      45 East Avenue

      6th Floor

      Rochester, NY  14604

      Phone:      (585)454-6990     Fax:  (585)454-3204

      Email:      dwaterman@deltapointcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

DeltaPoint Capital IV (New York), L.P.

      Kevin M. Halpin

      45 East Avenue, 6th Floor

      Rochester, NY  14604

      Phone:      (585)454-6990     Fax:  (585)454-3204

      Email:      khalpin@deltapointcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

DeltaPoint Capital IV, L.P.

      Kevin M. Halpin

      45 East Avenue, 6th Floor

      Rochester, NY  14604

      Phone:      (585)454-6990     Fax:  (585)454-3204

      Email:      khalpin@deltapointcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

East Coast Capital Holdings Ltd.   (SSBIC)

      Fredrick Schulman, President

      30 East 29th Street, Suite 204

      New York, NY  10016

      Phone:      (212)686-1515     Fax:  (212)686-1131

      Email:      zindel@eastcoastcapitalholdings.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $50,000

      Preferred Max:    $200,000

      TYPE OF CAPITAL PROVIDED

      Loans

      Equity

      FUNDING STAGE PREFERENCE

      Seed

      Expansion

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      Regional

      DESCRIPTION OF FIRM'S FOCUS

Emigrant Capital Corporation

      Christopher Hammond, Controller

      6 East 43rd Street

      20th Floor

      New York, NY  10017

      Phone:      (212)850-4470     Fax:  (212)850-3470

      Email:      hammondc@emigrant.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $5,000,00

      Preferred Max:    $20,000,0

      TYPE OF CAPITAL PROVIDED

      Equity

      FUNDING STAGE PREFERENCE

      Generating Revenue

      Cash Flow Positive

      INDUSTRY PREFERENCE

      Outsourced Business Services

      Healthcare Services

      Niche Manufacturing, Software

      Services, Environmental

      Products and Services

      GEOGRAPHIC PREFERENCES

      United States

      DESCRIPTION OF FIRM'S FOCUS

      Emigrant Capital Corp. is the private equity

      division of Emigrant Savings Bank, the

      nation's largest-family owned bank.  We make

      equity investments in established businesses

      that can benefit from our financial, oper-

      ational and strategic resources.

Empire State Capital Corporation   (SSBIC)

      Mitzi Wu, Vice President

      7 Dey Street,  Suite 1201

      New York, NY  10007

      Phone:      (212)513-1799     Fax:  (212)513-1874

      Email:      ESC5131799@aol.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $500,000

      TYPE OF CAPITAL PROVIDED

      Loans

      Equity Investments

      FUNDING STAGE PREFERENCE

      Early Stage

      Expansion

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      Atlantic

      Region

      DESCRIPTION OF FIRM'S FOCUS

Enhanced Small Business Investment Company, L.P.

      Michael Korengold

      601 Lexington Avenue, 55th Floor

      New York, NY  10022

      Phone:      (212)207-3385     Fax:  (212)207-9031

      Email:      mkorengold@enhancedcap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Eos Partners SBIC III, L.P.

      Beth Bernstein, Contact

      320 Park Avenue, 22nd Floor

      New York, NY  10022

      Phone:      (212)832-5800     Fax:  (212)832-5815

      Email:      bbernstein@eospartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Falcon Private Equity, L.P.

      Gregga Baxter, Matthew Snyder, Contacts

      330 Madison Avenue, 37th Floor

      New York, NY  10017-4627

      Phone:      (212)922-2333     Fax:  (212)922-2351

      Email:      gregga.baxter@gibuk.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Flushing Capital Corporation   (SSBIC)

      Tetsuro Takada, President

      113-19 14th Road

      College Point, NY  11356

      Phone:      (718)886-5866     Fax:  (718)321-2934

      Email:      flushingcapital@nyc.rr.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $300,000

      TYPE OF CAPITAL PROVIDED

      Loans

      FUNDING STAGE PREFERENCE

      Expansion

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      New York City Area

      DESCRIPTION OF FIRM'S FOCUS

Freshstart Venture Capital Corporation

      Alvin Murstein, President

      437 Madison Avenue

      New York, NY  10022

      Phone:      (212)328-2110     Fax:  (212)328-2125

      Email:      mrusso@medallion.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $50,000

      Preferred Max:    $200,000

      TYPE OF CAPITAL PROVIDED

      Loans

      Equity

      FUNDING STAGE PREFERENCE

      Seed

      Expansion

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      Regional

      DESCRIPTION OF FIRM'S FOCUS

GC SBIC IV, L.P.

      Gregory W. Cashman, Contact

      666 Fifth Avenue, 18th Floor

      New York, NY  10103

      Phone:      (212)750-6060     Fax:  (212)750-3756

      Email:      sba@golubcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

GC SBIC V, L.P.

      Gregory W. Cashman, Contact

      666 Fifth Avenue, 18th Floor

      New York, NY  10103

      Phone:      (212)750-6060     Fax:  (212)750-3756

      Email:      sba@golubcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Gefus SBIC II, L.P.

      Christopher F. Davis, Contact

      375 Park Avenue, Suite 3607

      New York, NY  10152

      Phone:      (212)308-3403     Fax:  (212)308-1182

     
Email:      cdavis@gefinor.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Graycliff Mezzanine II LP

      Andrew P. Trigg

      500 Fifth Avenue, 47th Floor

      New York, NY  10110

      Phone:      (212)300-2903     Fax:  (646)439-0871

      Email:      atrigg@graycliffpartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

High Peaks Ventures III, L.P.

      Russell Howard

      900 Broadway, Suite 203

      New York, NY  10003

      Phone:      (518)720-3090     Fax:  (518)720-3091

      Email:      russ@hpvp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Hudson Ferry Capital II, L.P.

      Timothy Ross, Contact

      275 Madison Avenue, 36th Floor

      New York, NY  10016

      Phone:      (212)682-5205     Fax:  (212)308-3893

      Email:      tross@hudsonferry.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Hudson Venture Partners II, L.P.

      John P. Truehart, Jr., Contact

      545 Fifth Avenue, 4th Floor

      New York, NY  10017

      Phone:      (212)644-9797     Fax:  (212)583-1859

      Email:      jtruehart@hudsonptr.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $5,000,00

      TYPE OF CAPITAL PROVIDED

      Loans

      Equity

      Debt w/Equity Features

      FUNDING STAGE PREFERENCE

      Early Stage

      Expansion

      Later Stage

      INDUSTRY PREFERENCE

      Internet, Software

      GEOGRAPHIC PREFERENCES

      Northeast United States

      DESCRIPTION OF FIRM'S FOCUS

      Technology and service related businesses.

KBL Healthcare, L.P.

      Marlene Krauss

      52 East 72nd Street-PH

      New York, NY  10021

      Phone:      (212)319-5555     Fax:  (212)319-5591

      Email:      ss@kblvc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Kinderhook Capital SBIC Fund I, L.P.

      Robert Michalik, Contact

      521 Fifth Avenue

      34th Floor

      New York, NY  10175

      Phone:      (212)201-6780     Fax:  (212)201-6790

      Email:      rmichalik@kinderhookcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Medallion Funding LLC

      Alvin Murstein, President

      437 Madison Avenue

      New York, NY  10022

      Phone:      (212)328-2110     Fax:  (212)328-2125

      Email:      nsarna@medallion.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $50,000

      Preferred Max:    $350,000

      TYPE OF CAPITAL PROVIDED

      Sr. & Sub. Debt w/Warrants

      FUNDING STAGE PREFERENCE

      Expansion

      INDUSTRY PREFERENCE

      Service

      Retail

      GEOGRAPHIC PREFERENCES

      Mid-Atlantic

      Northeast

      DESCRIPTION OF FIRM'S FOCUS

Medley SBIC, LP

      Marilyn Adler

      375 Park Avenue, 33rd Floor

      New York, NY  10152

      Phone:      (646)465-8410     Fax:  (212)759-0091

      Email:      MAdler@medleycapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Mercury Capital, L.P.

      David W. Elenowitz, Contact

      590 Madison Avenue

      30th Floor

      New York, NY  10022

      Phone:      (212)838-0888     Fax:  (212)759-3897

      Email:      ele@mercurycapitalinc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,500,00

      Preferred Max:    $7,500,00

      TYPE OF CAPITAL PROVIDED

      Equity Only

      FUNDING STAGE PREFERENCE

      Later Stage

      INDUSTRY PREFERENCE

      Manufacturing

      Distribution

      Serv. Businesses

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

      Investments in late stage manufacturing,

      distribution and service businesses with

      cash flow of $3 million and above.

Michigan Growth Capital Partners SBIC, L.P.

      Jason Metakis

      11 Madison Avenue, 28th Floor

      New York, NY  10010

      Phone:      (212)538-3259     Fax:  (646)362-0935

      Email:      jmetakis@gcmlp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Morgan Stanley Impact SBIC LP

      Roy Swan

      1585 Broadway, 14th Floor

      New York, NY  10036

      Phone:      (212)761-7347     Fax:  (212)507-8478

      Email:      roy.swan@morganstanley.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Multiplier Capital, LP

      Ezra Friedberg

      360 Madison Avenue

      20th Floor

      New York, NY  10017-

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

New Mountain Finance SBIC, L.P.

      John Kline

      787 Seventh Avenue, 48th Floor

      New York, NY  10019

      Phone:      (212)720-0309     Fax:  (646)304-7651

      Email:      jkline@newmountaincapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

OFS SBIC I, LP

      Mark Hauser

      540 Madison Avenue, Floor 8

     
New York, NY  10022

      Phone:      (212)419-2860     Fax:  (646)783-4599

      Email:      mhauser@ofsmanagement.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

PennantPark SBIC II, LP

      Arthur H. Penn

      590 Madison Avenue, 15th Floor

      New York, NY  10022

      Phone:      (212)905-1010     Fax:  (212)905-1075

      Email:      penn@pennantpark.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

PennantPark SBIC, LP

      Aviv Efrat, Contact

      590 Madison Avenue, 15th Floor

      New York, NY  10022

      Phone:      (212)905-1001     Fax:  (212)905-1075

      Email:      efrat@pennantpark.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      Debt :    5%

      Equity:  10%

      Loan:    85%

      FUNDING STAGE PREFERENCE

      Expansion:   10%

      Later:   50%

      Change of control:  40%

      INDUSTRY PREFERENCE

      No more than 15% in each

      industry

      GEOGRAPHIC PREFERENCES

      No more than 25% for each

      region

      DESCRIPTION OF FIRM'S FOCUS

Pine Street Capital Partners II, L.P.

      Michael P. Lasch, Contact

      11 North Pearl Street, Suite 1700

      Albany, NY  12207

      Phone:      (518)449-9070     Fax:  (518)617-1115

      Email:      laschm@pinecap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $6,000,00

      TYPE OF CAPITAL PROVIDED

      Mezzanine Debt - 80%

      Equity - 20%

      FUNDING STAGE PREFERENCE

      Later stage

      Minimum revenue

       of $10 million.

      INDUSTRY PREFERENCE

      Business & consumer services,

      manufacturing, healthcare

      GEOGRAPHIC PREFERENCES

      East Coast

      DESCRIPTION OF FIRM'S FOCUS

Praesidian Capital Investors, LP

      Jason D. Drattell, Contact

      419 Park Avenue South

      New York, NY  10016

      Phone:      (212)520-2600     Fax:  (212)520-2601

      Email:      jdrattell@praesidian.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $15,000,0

      TYPE OF CAPITAL PROVIDED

      Senior and Subordinated Debt

      with Equity Kickers

      FUNDING STAGE PREFERENCE

      Expansion, Later Stage

      Change of Control

      and Recapitalizations

      INDUSTRY PREFERENCE

      None

      GEOGRAPHIC PREFERENCES

      Continental United States

      DESCRIPTION OF FIRM'S FOCUS

      Praesidian is opportunistic in terms of

      financing those companies in the lower

      middle market that have positive EBITDA of

      between $3-$15 million, that have a defen-

      sible market position, a strong management

      team, & discernable growth characteristics.

Praesidian Capital Opportunity Fund III, LP

      Jason D. Drattell, Contact

      419 Park Avenue South

      New York, NY  10016

      Phone:      (212)520-2600     Fax:  (212)520-2601

      Email:      jdrattell@praesidian.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Rand Capital SBIC, Inc.

      Allen F. Grum, Jr., Contact

      2200 Rand Building

      Buffalo, NY  14203

      Phone:      (716)853-0802     Fax:  (716)854-8480

      Email:      dpenberthy@randcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Riverside Micro-Cap Fund III, L.P.

      Doug England

      45 Rockefeller Center, Suite 400

      New York, NY  10111

      Phone:      (216)535-1768     Fax:  (216)344-1330

      Email:      dengland@riversidecompany.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

RMCF II SBIC Fund, L.P.

      Doug England, Contact

      45 Rockefeller Center, Suite 2400

      45 Rockefeller Center

      New York, NY  10111

      Phone:      (216)535-1768     Fax:  (216)344-1330

      Email:      dengland@riversidecompany.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $5

      Preferred Max:    $20

      TYPE OF CAPITAL PROVIDED

      1/3 equity, 2/3 debt

      FUNDING STAGE PREFERENCE

      Change of control (85%)

      Turn around (10%)

      Later-stage (5%)

      INDUSTRY PREFERENCE

      Manufacturing (20%)

      Healthcare (20%)

      Services (20%)

      Tech & life sciences (10% ea.)

      Distribution & consumer products (10%

      ea

      GEOGRAPHIC PREFERENCES

      Midwest - 35%

      Northeast/Mid-Atl - 25%

      South/Southeast -25%

      West - 15%

      DESCRIPTION OF FIRM'S FOCUS

      One-stop provider of equity (1/3) and

      debt (2/3) in change of control transactions

      in a strategy that is a direct evolution of

      that pursuaed at prior successful Riverside

      funds.

Saratoga Investment Corp. SBIC LP

      Mike Grisius

      535 Madison Avenue, 4th Floor

      New York, NY  10022

      Phone:      (212)906-7966     Fax:  (212)750-3343

      Email:      hsteenkamp@saratogapartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Triad Investments LP   (SSBIC)

      Serafin Mariel, Manager

      305 Seventh Avenue, 20th Floor

      New York, NY  10001

      Phone:      (212)243-7360     Fax:  (212)243-7647

      Email:      smariel@bcfcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $100,000

      Preferred Max:    $250,000

      TYPE OF CAPITAL PROVIDED

      Debt w/Equity Features

      FUNDING STAGE PREFERENCE

      Expansion

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Ohio

Enterprise Ohio Investment Company   (SSBIC)

      Janet White, Manager

      8 North Main Street

      Dayton, OH  45402

      Phone:      (937)853-2541     Fax:  (937)222-7035

      Email:      jwhite@citywidedev.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $50,000

      Preferred Max:    $100,000

      TYPE OF CAPITAL PROVIDED

      Equity Loan Investments

      FUNDING STAGE PREFERENCE

      Expansion

      Later Stage

      Franchise

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      Southwest

      Ohio

      DESCRIPTION OF FIRM'S FOCUS

NCT Ventures Fund II, L.P.

      Micahel C. Butler

      274 Marconi Boulevard., Suite 400

      Columbus, OH  43215

      Phone:      (614)794-2732     Fax:  (614)228-2737

      Email:      michael.butler@nctventures.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Northcreek Mezzanine Fund I, L.P.

      Rodger Davis, Managing Partner

      255 East Fifth Street, Suite 3010

      Cincinnati, OH  45202

      Phone:      (513)985-6600     Fax:  (513)985-6603

      Email:      rdavis@northcreekmezzanine.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Northcreek Mezzanine Fund II, L.P.

      Rodger Davis

      255 East 5th Street, Suite 3010

      Cincinnati, OH  45202

      Phone:      (513)985-6600     Fax:  (513)985-6603

      Email:      rdavis@northcreekmezzanine.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Peppertree Capital Fund, L.P.

      Cyndi Debevec

      86 West Street

      Chagrin Falls, OH  44022

      Phone:      (440)528-0338     Fax:  (440)528-0334

      Email:      cdebevec@peppertreecapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Equity

      FUNDING STAGE PREFERENCE

      Later state growth equity

      Recapitalizations

      Buyouts

      INDUSTRY PREFERENCE

      Media

      Telecommunications

      Business Services

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

      We seek non-technology investments in our

      target industries.  We prefer investments

      with recurring revenue, non-IPO exit

      strategies and asset protection (e.g., FCC

      licenses) on the downside.

River Cities Financial Institutions Fund V, L.P.

      Daniel T. Fleming

      221 East Fourth Street, Suite 2240

      Cincinnati, OH  45202

      Phone:      (513)621-9700     Fax:  (513)579-8939

      Email:      dfleming@rccf.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

River Cities SBIC III, L.P.

      Edwin T. Robinson, Contact

      221 East Fourth Street, Suite 2400

      Cincinnati, OH  45202

      Phone:      (513)621-9700     Fax:  (513)579-8939

      Email:      trobinson@rccf.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $7,500,00

      TYPE OF CAPITAL PROVIDED

      Preferred Equity

      FUNDING STAGE PREFERENCE

      Expansion

      INDUSTRY PREFERENCE

      Healthcare or

      Information Technology

      GEOGRAPHIC PREFERENCES

      Midwest and Southwest

      DESCRIPTION OF FIRM'S FOCUS

Stonehenge Opportunity Fund II, L.P.

      B. Michael Affinito, Contact

      191 West Nationwide Boulevard, Suite 600

      Columbus, OH  43215

      Phone:      (614)246-2500     Fax:  (614)246-2582

      Email:      bmaffinito@stonehengepartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $15,000,0

      TYPE OF CAPITAL PROVIDED

      Subordinated Debt

      Non-Control Equity

      Control Equity

      FUNDING STAGE PREFERENCE

      Management

      leveraged buyouts

      Acquisitions

      Recapitalizations

      Growth

      INDUSTRY PREFERENCE

      Manufacturing

      Distribution

      Business Services

      Health Care Companies

      GEOGRAPHIC PREFERENCES

      Midwest United States

      investment focus with

      national scope.

      DESCRIPTION OF FIRM'S FOCUS

      Private Equity firm focused on investing

      mezzanine and structured equity capital in

      quality, middle-market companies located

      throughout the United States.

Stonehenge Opportunity Fund III, L.P.

      Peter G. Davies, Contact

      191 West Nationwide Boulevard, Suite 600

      Columbus, OH  43215

      Phone:      (614)246-2500     Fax:  (614)246-2431

      Email:      pgdavies@stonehengepartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Stonehenge Opportunity Fund III-B, L.P.

      Peter G. Davies, Contact

      191 West Nationwide Boulevard, Suite 600

      Columbus, OH  43215

      Phone:      (614)246-2500     Fax:  (614)246-2431

      Email:      pgdavies@stonehengepartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Triathlon Medical Ventures Fund LP

      Suzette L. Dutch, Contact

      300 E-Business Way, Suite 200

      Cincinnati, OH  45241

      Phone:      (513)247-6122     Fax:  (513)247-6199

      Email:      sdutch@tmvp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Oklahoma

Council Oak Investment Corporation

      William O. Johnstone - Manager

      101 North Broadway

      Suite 400

      Oklahoma City, OK  73102

      Phone:      (405)218-4696     Fax:  (405)218-4672

      Email:      wmojohnstone@gmail.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $1,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Loans

      Equity

      FUNDING STAGE PREFERENCE

      Early Stage

      Expansion

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      Oklahoma

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Oregon

There are no SBIC Licensees currently located in Oregon

SBIC Licensees Located in Pennsylvania

Argosy Investment Partners III, L.P.

      Michael Bailey,  Manager

      950 West Valley Road, Suite 2900

      Wayne, PA  19087

      Phone:      (610)971-9685     Fax:  (610)964-9524

      Email:      michael@argosycapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      Mezzanine & Equity

      FUNDING STAGE PREFERENCE

      Later, Buyouts, Recaps

      INDUSTRY PREFERENCE

      Manufacturing &

      Service companies

      GEOGRAPHIC PREFERENCES

      Eastern United States

      DESCRIPTION OF FIRM'S FOCUS

      Argosy III is fully invested and invested

      both mezzanine and equity in lower

      middle market companies across a broad

      range of industries.

Argosy Investment Partners IV, L.P.

      Kirk B. Griswold, Manager

      950 West Valley Road, Suite 2900

      Wayne, PA  19087

      Phone:      (610)971-9685     Fax:  (610)964-9524

      Email:      kirk@argosycapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $9,000,00

      TYPE OF CAPITAL PROVIDED

      Mezzanine & Equity

      Equity/debt-50/50

      1 tier of leverage

      FUNDING STAGE PREFERENCE

      Buyouts, Later-stage

      Recaps

      Mgmt fees basis- RC

      INDUSTRY PREFERENCE

      Engineered Materials,

      Industrial Electronics,

      Industrial Manufacturing,

      Industrial Services, Aviation,

      Services, Busi. Franchising.

      GEOGRAPHIC PREFERENCES

      United States (with an

      eastern preference).

      DESCRIPTION OF FIRM'S FOCUS

      Argosy IV invests in mezzanine and equity

      in companies with minimum revenue of

      $15 million and positive cash flow.  Use of

      funds include buyouts, acquisitions, and

      expansion.

Argosy Investment Partners V, L.P.

      Kirk B. Griswold

      950 West Valley Road, Suite 2900

      Wayne, PA  19087

      Phone:      (610)971-9685     Fax:  (610)964-9524

      Email:      kirk@argosycapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Boathouse Capital II LP

      Kenneth E. Jones, Contact

      200 West Lancaster Avenue, Suite 206

      Wayne, PA  19087

      Phone:      (610)977-2787     Fax:  (610)688-3410

      Email:      ken.jones@boathousecapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Boathouse Capital LP

      Kenneth E. Jones, Contact

      200 West Lancaster Avenue, Suite 206

      Wayne, PA  19087

      Phone:      (610)977-2787     Fax:  (610)688-3410

      Email:      ken.jones@boathousecapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $15,000,0

      TYPE OF CAPITAL PROVIDED

      Mezz. loans of 5-7 yrs in dur-

      ation & equity co-investments

      alongside the mezz. loans.

      FUNDING STAGE PREFERENCE

      EBITDA positive of least

      $2,000,000.

      INDUSTRY PREFERENCE

      None, we're generalist

      investors.

      GEOGRAPHIC PREFERENCES

      Nationwide

      DESCRIPTION OF FIRM'S FOCUS

      Good lower middle market companies who have

      a niche or a strong reason to exist.

CIP Capital L.P.

      Bobby Yablunksy

      1200 Liberty Ridge Drive

      Suite 300

      Wayne, PA  19087

      Phone:      (610)964-7875     Fax:  (610)964-8136

      Email:      byablu01@scppartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $250,000

      Preferred Max:    $1,000,00

      TYPE OF CAPITAL PROVIDED

      Equity

      Debt

      FUNDING STAGE PREFERENCE

      Expansion

      Later Stage

      INDUSTRY PREFERENCE

      Life Sciences

      Communications

      Financial Services

      GEOGRAPHIC PREFERENCES

      East Coast

      DESCRIPTION OF FIRM'S FOCUS

F.N.B. Capital Partners, L.P.

      Stephen J. Gurgovits, Jr.

      6031 Wallace Road Extension, Suite 100

      Wexford, PA  15090

      Phone:      (724)602-4401     Fax:  (412)945-5905

      Email:      SGurgovits@FNBCP.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Meridian Venture Partners II, L.P.

      Robert E. Brown, Jr., Contact

      259 North Radnor-Chestor Road

      Suite 130

      Radnor, PA  19087

      Phone:      (610)254-2999     Fax:  (610)254-2996

      Email:      rbroderick@meridian-venture.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $5,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Buyout and growth equity

      FUNDING STAGE PREFERENCE

      Later stage

      INDUSTRY PREFERENCE

      Diversified: including

      aviation, manufacturing,

      healthcare, business services

      and specialty retail

      GEOGRAPHIC PREFERENCES

      Eastern and Central

      Time Zones

      DESCRIPTION OF FIRM'S FOCUS

      Lower-middle-market companies with

      exceptional growth potential.

Merion Investment Partners II, L.P.

      Gayle G. Hughes, Contact

      555 E. Lancaster Avenue

      Suite 500

      Radnor, PA  19087

      Phone:      (610)230-0880     Fax:  (610)945-1654

      Email:      ghughes@merionpartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Subordinated debt w/warrants

      PIK interest or

      Equity co-invest

      FUNDING STAGE PREFERENCE

      Capital for growth and

      change of control.

      INDUSTRY PREFERENCE

      Business services

      Specialty manufacturing

      Technology and

      Healthcare products and

      services.

      GEOGRAPHIC PREFERENCES

      United States

      DESCRIPTION OF FIRM'S FOCUS

      Merion works with both private and equity

      groups as well as entrepreneurs to finance

      acquisitions, organic growth and change of

      control.

Merion Investment Partners, L.P.

      William M. Means, Contact

      555 E. Lancaster Avenue

      Suite 500

      Radnor, PA  19087

      Phone:      (610)230-0880     Fax:  (610)945-1654

      Email:      ghughes@merionpartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Subordinated Debt w/warrants

      PIK interest or

      Equity co-invest

      FUNDING STAGE PREFERENCE

      Capital for growth and

      change of control

      INDUSTRY PREFERENCE

      Business services

      Specialty manufacturing

      Technology and

      Healthcare products and

      services.

      GEOGRAPHIC PREFERENCES

      United States

      DESCRIPTION OF FIRM'S FOCUS

      Merion works with both private equity

      groups as well as entrepreneurs to

      finance acquisitions, organic growth and

      change of control.

NewSpring Mezzanine Capital II, L.P.

      Johnathan Schwartz, Contact

      555 East Lancaster Avenue, Suite 444

      Radnor, PA  19087

      Phone:      (610)567-2387     Fax:  (610)567-2388

      Email:      jschwartz@newspringventures.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

NewSpring Mezzanine Capital, L.P.

      Marc Lederman, Contact

      Radnor Financial Center

      555 E. Lancaster Ave, Suite 444

      Radnor, PA  19087

      Phone:      (610)567-2380     Fax:  (610)567-2388

      Email:      marc@newspringventures.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $5,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Subordinate Debt w/warrants

      Equity

      Loans

      FUNDING STAGE PREFERENCE

      Primarily Growth and

      Expansion Financing

      Recapitalizations

      Buyout Financing

      INDUSTRY PREFERENCE

      Late-stage technology

      Business services

      Specialty manufacturing

      Healthcare services in the

      lower middle market.

      GEOGRAPHIC PREFERENCES

      East Coast

      Primarily Mid-Atlantic

      Region

      DESCRIPTION OF FIRM'S FOCUS

      NewSpring Mezzanine leverages the NewSpring

      family of private equity funds and partner

      relationships to source and underwrite both

      sponsored and unsponsored transactions ac-

      ross diversified industries and economic

      cycles.

NewSpring Ventures, L.P.

      Michael DiPiano, Managing  G P

      Radnor Financial Center

      555 E. Lancaster Ave, Suite 444

      Radnor, PA  19087

      Phone:      (610)567-2387     Fax:  (610)567-2388

      Email:      marc@newspringventures.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Renovus Capital Partners, L.P.

      Atif Gilani

      308 East Lancaster Avenue

      Wynnewood, PA  19096

      Phone:      (646)660-4040     Fax:  (610)896-3083

      Email:      SBACommunications@renovuscapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Puerto Rico

There are no SBIC Licensees currently located in Puerto Rico

SBIC Licensees Located in Rhode Island

BCA Mezzanine Fund II, L.P.

      Gregory F. Mulligan, Managing Member

      One Turks Head Place

      Suite 1492

      Providence, RI  02903

      Phone:      (401)228-3834     Fax:  (401)228-3835

      Email:      greg@baycapllc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

BCA Mezzanine Fund, L.P.

      Gregory F. Mulligan, Managing Member

      One Turks Head Place

      Suite 1492

      Providence, RI  02903

      Phone:      (401)228-3834     Fax:  (401)228-3835

      Email:      Greg@baycapllc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in South Carolina

There are no SBIC Licensees currently located in South Carolina

SBIC Licensees Located in South Dakota

There are no SBIC Licensees currently located in South Dakota

SBIC Licensees Located in Tennessee

CCSD II, L.P.

      R. Burton Harvey

      30 Burton Hills Boulevard., Suite 100

      Nashville, TN  37215

      Phone:      (615)690-7183     Fax:  (615)690-7183

      Email:      bharvey@capfunds.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Claritas Capital Specialty Debt Fund, L.P.

      R. Burton Harvey, Contact

      30 Burton Hills Boulevard, Suite 100

      Nashville, TN  37215

      Phone:      (615)690-7183     Fax:  (615)690-7183

      Email:      bharvey@capfunds.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Harbert Mezzanine Partners II SBIC, L.P.

      Pryor Smartt, Contact

      618 Church Street, Suite 500

      Nashville, TN  37219-

      Phone:      (615)301-6395     Fax:  (615)301-6401

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Petra Growth Fund II, L.P.

      Robert A. Smith, Contact

      3825 Bedford Avenue, Suite 101

      Nashville, TN  37215

      Phone:      (615)313-5999     Fax:  (615)313-5990

      Email:      mlb@petracapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Petra Growth Fund III, L.P.

      Robert A. Smith

      3825 Bedford Avenue, Suite 101

      Nashville, TN  37215

      Phone:      (615)313-5997     Fax:  (615)313-5990

      Email:      ras@petracapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Pharos Capital Partners II, L.P.

      Kneeland Youngblood, Contact

      8 Cadillac Drive, Suite 180

      Brentwood, TN  37027

      Phone:      (615)234-5522     Fax:  (615)263-0234

      Email:      jgoldberg@pharosfunds.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      2% management fee

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Pharos Capital Partners III-A, L.P.

      Kneeland Youngblood

      8 Cadillac Drive, Suite 180

      Brentwood, TN  37027

      Phone:      (615)234-5522     Fax:  (615)263-0234

      Email:      jgoldberg@pharosfunds.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Tenth Street Fund III, L.P.

      Bill Nutter

      30 Burton Hills Boulevard, Suite 350

      Nashville, TN  37215

      Phone:      (615)665-3636     Fax:  (615)665-3896

      Email:      bill@tenthstreetcapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Texas

BA Capital Company, L.P.

      Doug Williamson, Sr. Vice President

      5207 McKinney Ave, Suite 21

      Dallas, TX  75205-

      Phone:      (214)508-0900     Fax:  (214)508-0985

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Banc of America Capital Investors SBIC, L.P.

      5207 McKinney Ave, Suite 21

      Dallas, TX  75205-

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Blue Sage Capital II, L.P.

      Peter J. Huff

      114 West 7th Street, Suite 820

      Austin, TX  78701

      Phone:      (512)536-1901     Fax:  (512)236-9215

      Email:      peter.huff@bluesage.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Blue Sage Capital, L.P.

      Peter Huff, Contact

      114 West 7th Street, Suite 820

      Austin, TX  78701

      Phone:      (512)536-1900     Fax:  (512)236-9215

      Email:      peter.huff@bluesage.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      Later stage - small- mid

      market.

      INDUSTRY PREFERENCE

      Revenue size: $5 mil to $100 mil

       $10 to $100 mil enterprise value

      GEOGRAPHIC PREFERENCES

      Texas

      New Mexico

      Oklahoma

      Arkansas

      Louisiana

      DESCRIPTION OF FIRM'S FOCUS

      Manufacturers, distributions, and services.

C3 Capital Partners II, L.P.

      2100 McKinney Avenue, Suite 1550

      Dallas, TX  75201

      Phone:      (214)292-2000     Fax:  (214)292-2007

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

     
GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Capital Southwest Venture Corp.

      Tracy L. Morris, Chief Operating Officer

      5400 Lyndon B. Johnson Freeway

      Suite 1300

      Dallas, TX  75240

      Phone:      (972)233-8242     Fax:  (972)233-7362

      Email:      tmorris@capitalsouthwest.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $1,000,00

      Preferred Max:    $6,000,00

      TYPE OF CAPITAL PROVIDED

      Prefer Equity-Type Investments

      Subordinated Debt

      FUNDING STAGE PREFERENCE

      Early

      Expansion

      Later Stages

      MBO

      INDUSTRY PREFERENCE

      Manufacturing

      Retail

      Technology

      No Real Estate or Banking

      Medical/Health

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

      Capital Southwest has the flexibility to

      hold investments indefinitely, which has

      provided its managers a stable ownership

      platform since its founding in 1961.  For

      more info., visit the company's website @

      www.capitalsouthwest.com.

Dos Rios Partners - A, L.P.

      Pat McKinney Baskin, Jr.

      205 Wild Basin Road S.

      Building 3, Suite 100

      Austin, TX  78746

      Phone:      (512)298-0801     Fax:  (512)298-0810

      Email:      kevin.benoit@dosriospartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Dos Rios Partners, L.P.

      Pat McKinney Baskin, Jr.

      205 Wild Basin Road S.

      Building 3, Suite 100

      Austin, TX  78746

      Phone:      (512)298-0801     Fax:  (512)298-0810

      Email:      kevin.benoit@dosriospartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Escalate Capital Partners SBIC I, L.P.

      Tony Schell, Contact

      300 West 6th Street, Suite 2230

      Austin, TX  78701

      Phone:      (512)651-2105     Fax:  (512)651-2101

      Email:      SBIC@escalatecapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Escalate Capital Partners SBIC III, LP

      Anthony Schell

      300 West 6th Street, Suite 2230

      Austin, TX  78701

      Phone:      (512)651-2105     Fax:  (512)628-3004

      Email:      tony@escalate.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Independent Bankers Capital Fund II, L.P.

      Tom Hoyt, Contact

      1700 Pacific Avenue, Suite 2740

      Dallas, TX  75201

      Phone:      (214)722-6200     Fax:  (214)722-6220

      Email:      thoyt@ibcfund.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $5,000,00

      TYPE OF CAPITAL PROVIDED

      Mezzanine

      Equity

      FUNDING STAGE PREFERENCE

      Expansion:  25%

      Later:  50%

      Change of control: 25%

      INDUSTRY PREFERENCE

      Diversified: no industry with

      more than 25% of the portfolio

      GEOGRAPHIC PREFERENCES

      Texas >70%

      Southwest <30%

      DESCRIPTION OF FIRM'S FOCUS

      Revenue: up to $10M

      EBITDA: up to $2M

Independent Bankers Capital Fund III, L.P.

      Tom Hoyt, Contact

      1700 Pacific Avenue, Suite 2740

      Dallas, TX  75201

      Phone:      (214)722-6200     Fax:  (214)722-6220

      Email:      thoyt@ibcfund.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Independent Bankers Capital Fund, L.P.

      Barry Conrad, Tom Hoyt, Contacts

      1700 Pacific Avenue, Suite 2740

      Dallas, TX  75201

      Phone:      (214)722-6200     Fax:  (214)722-6220

      Email:      mtaylor@independentbankerscap.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $5,000,00

      TYPE OF CAPITAL PROVIDED

      Equity

      FUNDING STAGE PREFERENCE

      Later-stage growth

      Acquisition and expansion

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      Texas

      Southwest

      DESCRIPTION OF FIRM'S FOCUS

      Investment strategy focused upon financings

      of lower-middle-market companies with proven

      operating histories located within the

      Southwestern United States.

LiveOak Venture Partners IA, L.P.

      Venu Shamapant

      805 Las Cimas Parkway, Suite 125

      Austin, TX  78746

      Phone:      (512)413-5886     Fax:  (512)900-7977

      Email:      venu@liveoakvp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Main Street Capital II, LP

      Todd Reppert, Contact

      1300 Post Oak Boulevard, Suite 800

      Houston, TX  77056

     
Phone:      (713)350-6029     Fax:  (713)350-6042

      Email:      RStout@MainStCapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $15,000,0

      TYPE OF CAPITAL PROVIDED

      Loans

      Equity

      FUNDING STAGE PREFERENCE

      Expansion

      Buyout

      Recapitalization

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      Southwest, Gulf Coast

      DESCRIPTION OF FIRM'S FOCUS

      Expansion or Transaction Financing.

Main Street Mezzanine Fund, L.P.

      Todd A. Reppert, Contact

      1300 Post Oak Boulevard, Suite 800

      Houston, TX  77056

      Phone:      (713)350-6029     Fax:  (713)350-6042

      Email:      Rstout@MainStCapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $15,000,0

      TYPE OF CAPITAL PROVIDED

      Loans

      Equity

      FUNDING STAGE PREFERENCE

      Expansion

      Buyout

      Recapitalization

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      Southwest, Gulf Coast

      DESCRIPTION OF FIRM'S FOCUS

      Expansion or Transaction Financing.

      Samll concerns with cash flow positive

Parallel Investment Opportunity Partners II L.P.

      Andrei Dorenbaum

      1000 Main Street, Suite 2500

      Houston, TX  77002

      Phone:      (713)209-7365     Fax:  (713)209-7351

      Email:      adorenbaum@capitalroyalty.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Stellus Capital SBIC LP

      Dean D'Angelo

      4400 Post Oak Parkway, Suite 2200

      Houston, TX  77027

      Phone:      (713)292-5403     Fax:  (713)292-5450

      Email:      SBIC@stelluscapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SunTx Fulcrum Fund II - SBIC, L.P.

      Ned N. Fleming, Contact

      Two Lincoln Centre

      5420 LBJ Freeway, Suite 1000

      Dallas, TX  75240

      Phone:      (972)663-8900     Fax:  (972)661-9981

      Email:      tkelly@suntx.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      Equity Capital Investments

      FUNDING STAGE PREFERENCE

      30% - development stage

      30% - growth stage

      30% - expansion stage

      10% - turnaround stage

      INDUSTRY PREFERENCE

      $3 million to $6 million

      GEOGRAPHIC PREFERENCES

      Sunbelt region - Alabama,

      Arkansas, Arizona

      Georgia, Kentucky

      New Mexico

      Louisiana, Florida

      DESCRIPTION OF FIRM'S FOCUS

      manufacturing, distribution and services

Toronto Dominion Capital (U.S.A.), Inc.

      Martha Gariepy, Contact

      909 Fannin, Suite 1950

      Houston, TX  77010

      Fax:  (713)652-2647

      Email:      Martha.Gariepy@TDCapital.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:

      TYPE OF CAPITAL PROVIDED

      Equity

      Subordinated Debt

      Debt

      FUNDING STAGE PREFERENCE

      Expansion

      Later Stage

      MBO

      Acquisitions

      INDUSTRY PREFERENCE

      Telecommunications

      Healthcare

      Energy

      Forest Products

      Media

      GEOGRAPHIC PREFERENCES

      National

      DESCRIPTION OF FIRM'S FOCUS

      Extensive experience in the media

      and communications industries

      complemented by the knowledge base

      and resources of other industry groups

      such as healthcare, energy, and forest

      products.

Valesco Commerce Street Capital, L.P.

      Daniel H. Moore, Contact

      325 North St. Paul, Suite 3200

      Dallas, TX  75201

      Phone:      (214)880-8690     Fax:  (214)880-8646

      Email:      bmoore@valescoind.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $2,000,00

      Preferred Max:    $7,000,00

      TYPE OF CAPITAL PROVIDED

      Mezzanine

      Equity

      FUNDING STAGE PREFERENCE

      Expansion

      Acquisition

      Growth

      INDUSTRY PREFERENCE

      Manufacturing

      Distribution

      Service

      GEOGRAPHIC PREFERENCES

      South-Central, U.S.

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Utah

EPIC Venture Fund IV, LLC

      Nick Efstratis

      15 W. South Temple, Suite 500

      Salt Lake City, UT  84101

      Phone:      (801)524-8939     Fax:  (801)524-8941

      Email:      ryan@epicvc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Pelion Ventures V Financial Institutions Fund, LP

      James Dreyfous

      2755 E. Cottonwood Parkway, Suite 520

      Salt Lake City, UT  84121

      Phone:      (801)365-0262     Fax:  (801)365-0233

      Email:      jdreyfous@pelionvp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Utah Ventures III, L.P.

      Jaquie McKay, Contact

      2755 E. Cottonwood Parkway

      Suite 520

      Salt Lake City, UT  84121

      Phone:      (801)365-0262     Fax:  (801)365-0233

      Email:      jaquie@pelionvp.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $3,000,00

      Preferred Max:    $10,000,0

      TYPE OF CAPITAL PROVIDED

      Equity

      Bridge loans

      FUNDING STAGE PREFERENCE

      Early Stage

      INDUSTRY PREFERENCE

      Software, SAS

      Digital Media

      Networking/ Telecomm

      Security

      Medical Devices

      GEOGRAPHIC PREFERENCES

      Utah

      Mountain West

      California

      DESCRIPTION OF FIRM'S FOCUS

      Find and help develop early state high

      growth companies in software, services,

      networking, security, digital media,

      infrastructure, telecommunications and

      medical devices.

UTFC Fund II, LLC

      Scott Stenberg, Managing Director

      268 S. State Street, Suite 260

      Salt Lake City, UT  84111

      Phone:      (801)741-4200     Fax:  (801)741-4249

      Email:      scott@innoventures.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $100,000

      Preferred Max:    $500,000

      TYPE OF CAPITAL PROVIDED

      Debt

      FUNDING STAGE PREFERENCE

      Early growth

      INDUSTRY PREFERENCE

      Technology and service

      GEOGRAPHIC PREFERENCES

      Utah and surrounding

      states

      DESCRIPTION OF FIRM'S FOCUS

      Companies that have seen an acceptance of

      their product and need working capital to

      continue to grow sales.

UV Partners IV Financial Institutions Fund, L.P.

      James Dreyfous, Contact

      2755 East Cottonwood Parkway, Suite 520

      Salt Lake City, UT  84121

      Phone:      (801)365-3262     Fax:  (801)365-0233

      Email:      jaquie@uvpartners.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

vSpring III D, L.P.

      Scott Petty, Contact

      2795 E. Cottonwood Parkway, Suite 360

      Salt Lake City, UT  84121

      Phone:      (801)942-8999     Fax:  (801)942-1636

      Email:      travis@vspring.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

vSpring SBIC, L.P.

      Travis Heath, Contact

      2795 E. Cottonwood Parkway, Suite 360

      Salt Lake City, UT  84121

      Phone:      (801)942-8999     Fax:  (801)942-1636

      Email:      travis@signalpeakvc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Wasatch Venture Fund II, LLC

      Nick Efstratis

      15 W. South Temple, Suite 500

      Salt Lake City, UT  84101

      Phone:      (801)524-8936     Fax:  (801)524-8941

      Email:      ryan@epicvc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:

      Preferred Max:

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Wasatch Venture Fund III, L.L.C.

      Nick Efstratis

      15 W. South Temple, Suite 500

      Salt Lake City, UT  84101

      Phone:      (801)524-8939     Fax:  (801)524-8941

      Email:      ryan@epicvc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Zions SBIC, L.L.C.

      Nick Efstratis

      15 W. South Temple, Suite 500

      Salt Lake City, UT  84101

      Phone:      (801)524-8939     Fax:  (801)524-8941

      Email:      ryan@epicvc.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Virginia

BIA Digital Partners SBIC II LP

      Lloyd Sams, Contact

      15120 Enterprise Court, Suite 200

      Chantilly, VA  20151

      Phone:      (703)227-9600     Fax:  (703)227-9645

      Email:      lsams@bia.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

Gladstone SSBIC Corporation   (SSBIC)

      David Watson, CFO

      1521 Westbranch Drive, Suite 200

      McLean, VA  22102

      Phone:      (703)287-5860     Fax:  (703)287-5801

      Email:      david.watson@gladstonecompanies.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $250,000

      Preferred Max:    $1,000,00

      TYPE OF CAPITAL PROVIDED

      Loans

      Equity

      FUNDING STAGE PREFERENCE

      Growth

      Expansion

      Later Stage

      INDUSTRY PREFERENCE

      Diversified

      GEOGRAPHIC PREFERENCES

      North

      South

      Midwest

      DESCRIPTION OF FIRM'S FOCUS

Leeds Novamark Capital I, L.P.

      Mark Raterman

      Plaza America Tower II

      11710 Plaza America Drive, Suite 160

      Reston, VA  20190

      Phone:      (703)651-2149     Fax:  (703)651-2149

      Email:      raterman@leedsnovamark.com

      INVESTMENT CRITERIA

      INVESTMENT SIZE RANGE

      Preferred Min:    $0

      Preferred Max:    $0

      TYPE OF CAPITAL PROVIDED

      FUNDING STAGE PREFERENCE

      INDUSTRY PREFERENCE

      GEOGRAPHIC PREFERENCES

      DESCRIPTION OF FIRM'S FOCUS

SBIC Licensees Located in Virgin Islands

There are no SBIC Licensees currently located in Virgin Islands

SBIC Licensees Located in Vermont

There are no SBIC Licensees currently located in Vermont

SBIC Licensees Located in Washington

There are no SBIC Licensees currently located in Washington

SBIC Licensees Located in Wisconsin

There are no SBIC Licensees currently located in Winconsin

SBIC Licensees Located in West Virginia

There are no SBIC Licensees currently located in West Virginia

SBIC Licensees Located in Wyoming

There are no SBIC Licensees currently located in Wyoming