Seeking Alpha

Saratoga Investment gets approval for second SBIC license

|About: Saratoga Investment Corp (SAR)|By:, SA News Editor

Saratoga Investment (NYSE:SAR) gets approval for its second Small Business Investment Company (SBIC) license from the U.S. Small Business Administration.

The new license will provide up to $175M in additional long-term capital in the form of SBA debentures.

With this license approval, Saratoga will grow its SBA relationship from $150M to $325M of committed capital.

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