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Stock Market & Financial Investment News

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June 27, 2014
06:01 EDTSCMStellus Capital receives approval for its subsidiary's SBIC license
Stellus Capital announced that its wholly-owned subsidiary, Stellus Capital SBIC, has received approval for a license from the United States Small Business Administration to operate as a Small Business Investment Company. The license will allow Stellus SBIC to obtain leverage by issuing SBA-guaranteed debentures, subject to the issuance of a capital commitment by the SBA and customary procedures.
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