Draft TechNote 7b
… Expenses For Leveraged SBICs. SBA drafted TechNote 7b to (a) clarify SBA’s interpretation of existing regulations and … draft TechNote 7b by August 4, 2017. Background. SBA has a statutory obligation to ensure that SBICs utilizing … each SBIC’s Management Expenses. SBA typically approves a fund’s Management Expenses through the approval of its LPA. …