Minneapolis, MN, September, 2020 –Spell Capital Mezzanine has been named the 2020 “Small Business Investment Company (SBIC) of the Year” by the U.S. Small Business Administration (SBA), chosen from a field of 300 licensed SBIC funds representing nearly $30 billion of capital under management.
The SBA’s announcement of the award highlights Spell Capital Mezzanine’s longevity in the SBIC program, successful investment track record, clean records with the SBA and dedication to supporting the growth and expansion of small businesses. Mark McDonald, Senior Managing Director and Principal, stated that “We are grateful for this honor and the marketplace recognition it brings.”
As an SBA-licensed SBIC, Spell Capital Mezzanine has completed over 55 subordinated debt and non-control equity investments in a variety of industries across the U.S., including investing throughout 2020. Spell Capital Mezzanine has significant capital available and is actively seeking new investment opportunities.