MCG Capital Receives SBA Green Light Letter

MCG Capital Corporation

(“MCG” or the “Company”) today announced the receipt of a green light letter from the U.S. Small Business Administration (“SBA”) inviting MCG to continue its application process to obtain a license to form and operate a second Small Business Investment Company (“SBIC”). MCG began the application process during 2012 and recently met with the investment committee of the Investment Division of the SBA, which voted to permit MCG to advance to the second part of the process. The receipt of the SBIC application is subject to the approval of the SBA. If approved, the additional license would provide MCG with an incremental source of attractive long-term capital. However, receipt of a green light letter from the SBA does not assure an applicant that the SBA will ultimately issue an SBIC license and the Company has received no assurance or indication from the SBA that it will receive a second SBIC license, or of the timeframe in which it would receive a second license, should one ultimately be granted.