Forms and guides

Applying for an SBIC license is a three-part process:

1. Pre-screening review
   (Short Form 2181)
2. Management Assessment Questionnaire (MAQ) and MAQ fee
   (Long Form 2181 or Subsequent Fund Form 2181 and Form 2181 Exhibits)
3. FinalLicense Application and Licensing fee

New SBIC Program Application - Effective August 17, 2023

Pre-screen Form: 2181 (Short)

The Pre-screen 2181 contains a subset of forms contained in the full MAQ. Specifically, the Short Form 2181 contains:

• The Overview
• Narrative
• Investment Track Record
• Principal Biographies

Management Assessment Questionnaire (MAQ): Form 2181 (Long) or Form 2181 (Subsequent Fund)

Once you have decided to move forward with the application process, the next step is to prepare and submit the MAQ, which consists of:

• Form 2181 (Long Form or Subsequent Fund Form)
• Form 2181 Exhibits A - D
• Attachments/Supplemental Materials
• Payment of Initial Licensing Fee / (“MAQ Fee”)

License Application: MAQ Form 2181 and Form 2181 Exhibits

The License Application builds upon the previously submitted MAQ and includes additional forms and documentation. The entire package includes the following:

• Form 2181 (updated to include any changes since the Green Light Letter)
• Form 2181 Exhibits A - D (updated to include any changes since the Green Light Letter)
• Form 2181 Exhibits E - G
• Copies of all final legal documents + redlined copies detailing any and all changes to previously submitted legal documents
• Payment of all application and Final Licensing Fee and other fees which may at that time be due (e.g., the Resubmission Penalty Fee, if applicable and if not already paid)

Legacy SBIC Program Application - Accepted through September 30th, 2023

• Legacy Management Assessment Questionnaire (Form 2181 and Part I of Form 2182)
• Legacy License Application (Revised and updated Forms 2181, 2182, and 2183)

Other SBIC licensing forms

• Model Limited Partnership Agreement (LPA) Version 3.0 for Standard and Impact SBICs
  (submitted as part of Exhibit Q to Form 2183)
• Commitment Guaranty Template – See SOP chapter 6 for template