Capitala Group, a leading provider of capital to lower middle market companies, announced today that the United States Small Business Administration (SBA) issued a “green light1” approval letter inviting Capitala Group to submit a small business investment company (SBIC) application to obtain its fifth SBIC license.
“We are excited to receive the “green light” from the SBA continuing our 20+ year partnership with the SBIC program,” said Joe Alala, III, Chairman and CEO of Capitala Group. “We believe a fifth license will enable us to continue funding our investment strategy and allow us to selectively grow our portfolio and generate attractive risk-adjusted returns for our shareholders.”