5 03, 2020

Bipartisan congressional letter sent to SEC on AFFE issue

2020-03-05T13:28:55+00:00 March 5th, 2020|Featured, News|

By BDC Council | March 5, 2020 Please see the attached bipartisan letter sent to the SEC by 4 senior Members of Congress including the Chair and Ranking Member of the House Financial Services Capital Markets Subcommittee. “Not only is the application of AFFE disclosure requirements to BDCs inconsistent with the statutory mandate for BDCs, it is [...]

2 03, 2020

Coalition letter to SEC Chairman Jay Clayton on AFFE exemption issue

2020-03-02T16:18:59+00:00 March 2nd, 2020|Featured, News|

By SBIA | February 28, 2020 On February 28, Brett Palmer, President, Small Business Investor Alliance (SBIA); Nelson Griggs, Executive Vice President, NASDAQ; Tom Quaadman, Executive Vice President, Center for Capital Markets Competitiveness, U.S. Chamber of Commerce; Jason Mulvihill, Chief Operating Officer & General Counsel, American Investment Council (AIC); and Tony Chereso, President and CEO, Institute [...]

8 07, 2019

SEC Small Business Forum Report-AFFE Exemption Recommendation

2019-07-08T15:17:37+00:00 July 8th, 2019|Featured, News|

By BDC Council | July 8, 2019 The SEC hosted its annual Forum on Small Business Capital Formation in Dec 2018.  Working through the Office of Small Business Policy, the final report of 2018 Forum recommendations was published last week. The Forum has assembled annually since 1982, as mandated by the Small Business Investment Incentive Act [...]

7 03, 2018

NFIB Endorses BDC Modernization Bill

2018-06-26T15:17:06+00:00 March 7th, 2018|Featured, News|

By SBIA | March 7, 2018 SBIA's BDC Council is pleased to announce that the bipartisan BDC Modernization Bill has received the endorsement of the National Federation of Independent Business (NFIB). Introduced by Senators Dean Heller (R-NV) and Joe Manchin (D- WV), the Small Business Credit Availability Act (S. 2324 creates) a modern regulatory framework [...]

17 01, 2018

BDC Council Advocates AFFE Fix from SEC

2018-07-31T16:13:56+00:00 January 17th, 2018|Featured, News, Press Releases|

By SBIA | January 17, 2018   SBIA’s BDC Council is pleased to share formal recommendations with the SEC for a series of reforms to improve capital access and market efficiency for middle market and lower middle market businesses.  In a letter to SEC Chair Jay Clayton, BDC Council Executive Director Tonnie Wybensinger and Council [...]

2 01, 2018

What Does Tax Reform Mean for BDCs?

2018-06-26T15:50:34+00:00 January 2nd, 2018|News|

January 2, 2018 When the GOP tax plan was signed into law, a number of positive tax code changes for BDCs were enacted. These include: Amending the bill from removing all deductibility of interest expense to Unlimited interest expensing for businesses with $25MM or less in gross receipts This was beneficial to small BDCs, but [...]

14 12, 2017

Success Story: Rand Capital Invests $1.5M in Tilson’s $5M Investment Round

2017-12-14T15:29:35+00:00 December 14th, 2017|Clips, News|

By James McCarthy for Mainebiz | December 14, 2017 Rand Capital Corp., a publicly traded business development firm, will fund a $1.5 million follow-on investment in Portland-based Tilson Technology Management Inc. Rand's investment consists of an infusion of both equity and debt capital. Rand (NASDAQ: RAND), which is based in Buffalo, N.Y., invests in growth [...]

13 12, 2017

Rep. Steve Stivers: In the midst of tax reform, let’s not forget about capital access

2017-12-14T15:25:31+00:00 December 13th, 2017|Clips, News|

By Rep. Steve Stivers (R-Ohio), Opinion Contributor for The Hill | December 13, 2017 As tax reform continues to make its way through the legislative process, it is easy to lose focus on all the other legislative developments in Congress. This is understandable, considering that we have a once-in-a-generation opportunity to finally fix our nation’s [...]

16 11, 2017

LPC: BDC Leverage Cap Increase Back on Table After Bipartisan Vote

2017-11-17T14:02:57+00:00 November 16th, 2017|Clips, News|

By Leela Parker Deo for Reuters | November 16, 2017 NEW YORK (Reuters) - The US House Financial Services Committee on Wednesday overwhelmingly voted to advance a bill that would update rules governing Business Development Companies (BDCs), paving the way for the specialized lenders to make more loans to small and mid-sized businesses. The legislation [...]

10 11, 2017

Stivers Bill Supports Investment in Small and Mid-Sized Businesses

2017-11-16T10:36:08+00:00 November 10th, 2017|News|

By Ripon Advance News Service  |  November 10, 2017 U.S. Rep. Steve Stivers (R-OH) on Tuesday introduced legislation that would boost local job creation and help small and mid-sized U.S. business owners more easily obtain capital needed for growing their firms and employing more workers.H.R. 4267 would reduce the asset-ratio requirement for Business Development Companies (BDCs) [...]