small-logo
ProfessionalsCapabilitiesInsights & NewsCareersLocations
About UsAlumniOpportunity & InclusionPro BonoCorporate Social Responsibility
Stay Connected:
facebookinstagramlinkedintwitteryoutube
  1. Insights & News

Client Alert

SBA Revises SBIC Draw Application Schedule for the 2022 Holidays

  • PDFPDF
    • Email
    • LinkedIn
    • Facebook
    • Twitter
    Share this page
  • PDFPDF
    • Email
    • LinkedIn
    • Facebook
    • Twitter
    Share this page

Client Alert

SBA Revises SBIC Draw Application Schedule for the 2022 Holidays

  • PDFPDF
    • Email
    • LinkedIn
    • Facebook
    • Twitter
    Share this page

1 Min Read

Related Locations

Chicago

Related Topics

Small Business Investment Companies (SBICs)
SBA

Related Capabilities

Private Investment Funds

Related Regions

North America

September 26, 2022

The U.S. Small Business Administration (the “SBA”) has announced that the Small Business Investment Company (“SBIC”) draw application schedule has been revised for the end of 2022. The SBA stated that these changes were made to allow for funding availability during the holiday season and that no other changes have been made to the draw application schedule beyond the end of this year.

Beginning with the second cycle in November, the draw application cycle will be revised for the remainder of 2022 as follows:

Draw Application CycleApplication Filing DeadlineApproval Notice Issue Date
2nd Cycle in NovemberTuesday, 11/15/2022Tuesday, 11/22/2022
1st Cycle in DecemberWednesday, 11/30/2022Wednesday, 12/7/2022
2nd Cycle in DecemberWednesday, 12/14/2022Wednesday, 12/21/2022


The SBIC draw application is the process by which an SBIC requests to draw funds against the SBA’s commitment to guarantee leverage to such SBIC. Typically, draw application filing deadlines are on the first and third Wednesday of each month. The SBA generally will provide notice approving such a request by the Wednesday following the draw application deadline. The SBIC then has 58 days from the date it receives such notice to pull down the approved funds.

If you have questions regarding draw applications or the SBIC program in general, please contact your SBIC counsel at Winston & Strawn LLP. 

Related Professionals

Related Professionals

Alan Roth

Kate L. Price

Michael A. Domanico

Alan Roth

Kate L. Price

Michael A. Domanico

Logo
facebookinstagramlinkedintwitteryoutube

Copyright © 2025. Winston & Strawn LLP

AlumniCorporate Transparency Act Task ForceDEI Compliance Task ForceEqual Rights AmendmentLaw GlossaryThe Oval UpdateWinston MinutePrivacy PolicyCookie PolicyFraud & Scam AlertsNoticesSubscribeAttorney Advertising