{"abstract":"This direct final rule brings the U.S. Small Business Administration's (SBA) regulations concerning the Small Business Investment Company (SBIC) program into conformity with the Small Business Investment Act, as amended (Act). Specifically, the rule would allow an SBIC to extend financings on terms that require a small business concern to repay debt or to redeem equity securities, options, or warrants after a minimum of one year (rather than five years, as currently stated in SBA's regulations).","action":"Direct final rule.","agencies":[{"raw_name":"SMALL BUSINESS ADMINISTRATION","name":"Small Business Administration","id":468,"url":"https://www.federalregister.gov/agencies/small-business-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/468","parent_id":null,"slug":"small-business-administration"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2004/02/23/04-3842.html","cfr_references":[{"chapter":null,"citation_url":null,"part":107,"title":13}],"citation":"69 FR 8097","comment_url":null,"comments_close_on":"2004-03-24","correction_of":null,"corrections":[],"dates":"This rule is effective on May 24, 2004, without further action unless adverse comment is received by March 24, 2004. If adverse comment is received, SBA will publish a timely withdrawal of the rule in the Federal Register.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"04-3842","effective_on":"2004-05-24","end_page":8098,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2004/02/23/04-3842.xml","html_url":"https://www.federalregister.gov/documents/2004/02/23/04-3842/small-business-investment-companies-long-term-financing","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/04-3842?publication_date=2004-02-23","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2004-02-23/04-3842/mods.xml","not_received_for_publication":null,"page_length":2,"page_views":{"count":112,"last_updated":"2026-10-24 18:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2004-02-23/pdf/04-3842.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2004-02-23","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2004/02/23/04-3842.txt","regulation_id_number_info":{"3245-AE70":{"issue":"200304","html_url":"https://www.federalregister.gov/regulations/3245-AE70/small-business-investment-companies-amendment-under-the-small-business-reauthorization-act-of-2000","title":"Small Business Investment Companies--Amendment Under the Small Business Reauthorization Act of 2000","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=200304&RIN=3245-AE70&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["3245-AE70"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-11-12T10:30:31Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":8097,"subtype":null,"title":"Small Business Investment Companies-Long Term Financing","toc_doc":"Long term financing","toc_subject":"Small business investment companies:","topics":["Investment companies","Loan programs-business","Small businesses"],"type":"Rule","volume":69}