MCG Capital Receives SBA Green Light Letter

MCG Capital Corporation (Nasdaq: MCGC) (“MCG” or the “Company”) todayannounced the receipt of a green light letter from the U.S. Small BusinessAdministration (“SBA”) inviting MCG to continue its application process toobtain a license to form and operate a second Small Business InvestmentCompany (“SBIC”).MCG began the application process during 2012 and recently met with theinvestment committee of the Investment Division of the SBA, which voted topermit MCG to advance to the second part of the process. The receipt of theSBIC application is subject to the approval of the SBA.If approved, the additional license would provide MCG with an incrementalsource of attractive long-term capital. However, receipt of a green lightletter from the SBA does not assure an applicant that the SBA will ultimatelyissue an SBIC license and the Company has received no assurance or indicationfrom the SBA that it will receive a second SBIC license, or of the timeframein which it would receive a second license, should one ultimately be granted.