Saratoga Investment Corp. Approved For SBIC License

Saratoga Investment Corp. SAR today announced that its wholly-owned subsidiary has received a Small Business Investment Company license from the U.S. Small Business Administration (SBA). An SBIC license allows Saratoga Investment Corp. to drawdown borrowings of up to $150 million over a five-year period that have a term of 10 years at SBA fixed rates, currently below 4% per annum. Saratoga Investment Corp. will invest this money in middle-market businesses that comply with SBIC regulations.