Saratoga gets "green light" to for SBIC license

• The SBA issues Saratoga Investment (NYSE:SAR) a "green light" or "go forth" letter inviting the company to continue its application to form and operate a second Small Business Investment Company subsidiary.
• The current SBIC program has been a boon to company, and a 2nd license would allow SAR another source of long-term capital with the issuance of $75M of SBA-guaranteed debt in addition to the $150M already approved under the 1st license.
• Source: Press Release