Debenture Refinancing Policy Letter
… Debenture Refinancing Policy Letter This letter clarifies SBA’s position on “refinancing” and maximum leverage. Policy … Comapanies ("SBICs") SUBJECT : "Refinancing" and Maximum SBA Leverage Policy Clarification 1. Background . Recently … some SBICs have asked the Small Business Administration ("SBA") to approve new leverage commitments for the purpose of …