SBIC Alert

SBA Temporarily Revises Draw Application Schedule

November 18, 2019

REMINDER: SBA’s Office of Investment and Innovation has revised the semi-monthly draw application schedule for the 2019 holiday season with the first revised deadline occurring on Tuesday, November 19, 2019. The deadline for applications to draw down leverage commitments are typically the first and third Wednesday of each month. However, due to the holidays, the new draw schedule will be as follows:

Draw Application Cycle Application Filing Deadline Approval Notice Issue Date
Second Cycle in November  Tuesday, 11/19/2019 Tuesday, 11/26/2019
First Cycle in December Wednesday, 12/4/2019 Wednesday, 12/11/2019
Second Cycle in December Wednesday, 12/11/2019 Wednesday, 12/18/2019
First Cycle in January Wednesday, 1/8/2020 Wednesday, 1/15/2020
Second Cycle in January Wednesday, 1/22/2020 Wednesday, 1/29/2020

The normal monthly funding schedule will resume in February 2020 with February 5, 2020 as the deadline for the first cycle in February.