Garrison Capital announced that its wholly-owned subsidiary, Garrison Capital SBIC LP has received final committee approval for a license from the United States Small Business Administration (the "SBA") to operate as a Small Business Investment Company ("SBIC"). We expect that the SBIC license will be issued following final action by the SBA Administrator.

"We are very pleased to have received approval for an SBIC license for Garrison Capital and we would like to thank everyone at the SBA who diligently worked on our application and ultimately supported our approval," said Brian Chase, Chief Financial Officer of the Company. “The SBIC will allow us to significantly expand our balance sheet and provide the Company with an opportunity to increase its return on equity to shareholders."

Garrison Capital Inc. is a business development company that primarily invests in loans to U.S. based middle-market companies.