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) [...]

9 11, 2017

Bills to Bolster Accredited Investors, Alternative Investments Gain Momentum

2017-11-16T10:35:17+00:00 November 9th, 2017|Clips, News|

Bipartisan lawmakers seek to expand the pool of people who qualify to invest in private securities offerings, boost the lending capability of BDCs and ease regulations on closed-end funds By Mark Schoeff Jr. for InvestmentNews  |  November 9, 2017 Legislation that would deepen the pool of sophisticated investors who can participate in private securities offerings and [...]

24 08, 2017

SBIA Releases New BDC Modernization Agenda

2017-10-20T14:36:11+00:00 August 24th, 2017|News|

Today, the SBIA released its BDC Modernization Agenda with its legislative recommendations for the 115th Congress. Prepared under the guidance of SBIA’s BDC Council, the agenda recommends passing legislation to make several changes to the Investment Company Act of 1980 to reform and modernize BDC regulations. Modernizing the regulations that impact BDCs will unleash more [...]