SBIC Policy Guidance 2025-001: Interpretive Guidance on Investments in Small Businesses Engaged in the Extraction, Conversion, or Other Processing of Critical Minerals
… guidance 2025-01 The purpose of this policy guidance is to inform current and prospective Small Business Investment Companies (SBICs) of SBA’s interpretation … or engaged in one or more projects reasonably anticipated to have a duration exceeding 48 months and involving (i) the …