The SBIC Funding Corporation recently announced the September 2016 pooled SBA debenture coupon rate of 2.051%. This rate is a record low, down 0.456% from the March 2016 rate. The September 2016 pooling of debentures amounted to $993 million.
SBA debenture coupon rates are pooled on a semiannual basis in March and September. The price for each pooling is determined 1 week prior to the scheduled closing and the interest rate is fixed for the 10 year life of the debenture. SBIC Funds are required to pay semiannual interest payments until the debenture is fully repaid within the 10 year life of the instrument.
How Can MCB Help?
Contact Matthew Dwyer to start building a relationship with a CPA firm with more than 50 years of experience serving SBIC and the Private Equity Funds in the areas of accounting, tax, audit, due diligence and consulting services.