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Can the partners of an NMVCC also apply for an SBIC license?

April 26, 2017license nmvcc partners sbic

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Can the partners of an NMVCC also apply for an SBIC license?

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Yes, side-by-side funds would be permissible, but the management team of each would have to be able to focus on the investment and administrative demands of each of the respective funds to ensure that the public policy objectives of each program are met. SBA would consider any such application for an SBIC license separately, under existing procedures, policies, and regulations governing the SBIC program. SBA’s selection of an NMVCC managed by a particular group of partners will have no affect on whether or not SBA grants an SBIC license to an applicant managed by that same group of partners.