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News Breaks | | | | February 11, 2013 | | 08:58 EDT |  | MCGC | MCG Capital receives SBA green light letter
MCG Capital Corporation announced the receipt of a green light letter from the U.S. Small Business Administration inviting MCG to continue its application process to obtain a license to form and operate a second Small Business Investment Company. MCG began the application process during 2012 and recently met with the investment committee of the Investment Division of the SBA, which voted to permit MCG to advance to the second part of the process. The receipt of the SBIC application is subject to the approval of the SBA. If approved, the additional license would provide MCG with an incremental source of attractive long-term capital. | |
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