serve an important function in providing capital and support to these small businesses, but there are currently none here in Washington state.
The Merchant Banking division includes Opus Equity Partners, LLC, the advisor to the Opus Bank-sponsored private equity SBIC
Fund that provides growth capital to successful and dynamic companies in need of a capital solution beyond what is customarily available from traditional bank sources.
After receiving approval from US regulators, Opus Bank (NASDAQ: OPB) is to apply for an SBIC
In 2011, having slowed the losses of the Participating Securities SBIC
program (17) and in reaction to the recent economic slowdown, the SBA reconsidered the option.
The SBA said 30 new debenture and unleveraged SBIC
licenses were issued in FY 2012, exceeding last year's total of 22 by 36%.
In addition to record funds provided to small businesses in FY 2011, the SBIC
program also hit a record high in SBA capital commitments to the program to the tune of $1.
Web site will be updated with the jury announcement and details about the Capitol Hill briefing.
have a decided advantage over other non-SBIC
investment funds seeking to tap into the opportunities now available to small businesses.
National research shows that the three major causes of fuel poverty are low incomes, high fuel costs, and poor quality housing with low energy efficiency, all of which are widespread in the areas where SBIC
provides primary care GP services.
Hard copies of the book can still be purchased from the SBIC
Web site (www.
Having a separate SBIC
entity was too costly and it wasn't efficient.
The former municipal court judge had used the leverage--the SBA's agreement to loan $2 or $3 for every dollar contributed by the SBIC
-- to make $250,000 in loans to Southloop Construction Co.