{"id":206,"date":"2015-04-08T01:55:09","date_gmt":"2015-04-08T01:55:09","guid":{"rendered":"http:\/\/henristeenkamp.com\/?p=206"},"modified":"2019-05-06T19:35:13","modified_gmt":"2019-05-06T19:35:13","slug":"saratoga-investment-corp-receives-green-light-letter-sba","status":"publish","type":"post","link":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/saratoga-investment-corp-receives-green-light-letter-sba\/","title":{"rendered":"Saratoga Investment Corp. Receives &quot;Green Light&quot; Letter from SBA for Second SBIC License"},"content":{"rendered":"<p><a href=\"http:\/\/henristeenkamp.com\/wp-content\/uploads\/2015\/01\/Screen-Shot-2015-01-02-at-3.08.27-PM.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/henristeenkamp.com\/wp-content\/uploads\/2015\/01\/Screen-Shot-2015-01-02-at-3.08.27-PM-e1420229462616-300x69.png\" alt=\"Henri Steenkamp\" class=\"size-medium wp-image-109 aligncenter\" height=\"69\" width=\"300\" \/><\/a><\/p>\n<p>NEW YORK, April 6, 2015 \/PRNewswire\/ &#8212; Saratoga Investment Corp. (NYSE: SAR) (&#8220;Saratoga Investment&#8221; or &#8220;the Company&#8221;), a business development company, is pleased to announce that the U.S. Small Business Administration (&#8220;SBA&#8221;) has issued a &#8220;green light&#8221; or &#8220;go forth&#8221; letter inviting Saratoga Investment to continue its application process to obtain a license to form and operate its second Small Business Investment Company (&#8220;SBIC&#8221;) subsidiary.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;The success of our current SBIC investment program has contributed to the improvement in our financial strength by expanding the size and quality of our assets under management,&#8221; said Christian L. Oberbeck, Chairman and Chief Executive Officer of Saratoga Investment. &#8220;A second license would enable us to use the 2-to-1 leverage, lower cost of capital and favorable terms inherent in the SBIC program to grow our asset base by the permitted amount under the second license of $112.5 million. The investment strategy of focusing on the smaller, less competitive end of the market would be consistent with our first fund.&#8221;<\/p>\n<p><a href=\"http:\/\/www.prnewswire.com\/news-releases\/saratoga-investment-corp-receives-green-light-letter-from-sba-for-second-sbic-license-300061176.html?tc=eml_cleartime\" target=\"_blank\" rel=\"noopener noreferrer\">Read more in the latest press release.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, April 6, 2015 \/PRNewswire\/ &#8212; Saratoga Investment Corp. (NYSE: SAR) (&#8220;Saratoga Investment&#8221; or &#8220;the Company&#8221;), a business development company, is pleased to announce that the U.S. Small Business Administration (&#8220;SBA&#8221;) has issued a &#8220;green light&#8221; or &#8220;go forth&#8221; letter inviting Saratoga Investment to continue its application process to obtain a license to form [&hellip;]<\/p>\n","protected":false},"author":1176,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_mi_skip_tracking":false,"footnotes":""},"categories":[3,9],"tags":[69,94,112,113,117,127],"class_list":["post-206","post","type-post","status-publish","format-standard","hentry","category-blog","category-saratoga-posts","tag-henri-steenkamp","tag-press-release","tag-saratoga-investment","tag-saratoga-investment-corp","tag-sba","tag-small-business-administration"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/posts\/206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/users\/1176"}],"replies":[{"embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/comments?post=206"}],"version-history":[{"count":0,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/posts\/206\/revisions"}],"wp:attachment":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/media?parent=206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/categories?post=206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/tags?post=206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}