Los Angeles, California – Avante Mezzanine Partners (“Avante”), a provider of debt financing solutions to lower middle market companies, is proud to announce that Avante has been selected as the 2018 Small Business Investment Company (“SBIC”) of the Year by the U.S. Small Business Administration.
About the Small Business Investment Company Program
The U.S. Small Business Administration Office of Investment and Innovation SBIC Program is a multi-billion dollar, government-sponsored investment fund created in 1958 to bridge the gap between entrepreneurs’ need for capital and traditional sources of financing. Today the SBIC program has 303 licensees managing over $26 billion in assets. For every $1 an SBIC raises from a private investor, the SBA will typically provide $2 of debt capital, subject to a cap of $150 million. For additional information, contact the SBA at www.asksbic.gov.
About Avante Mezzanine Partners
Avante Mezzanine Partners provides total debt solutions and junior capital for high quality, lower middle market businesses that generate at least $3 million in cash flow. Avante invests between $5 million and $25 million of capital in the form of unitranche or one-stop debt as well as traditional mezzanine debt and minority equity. We can also partner with other lenders to provide an optimal capital solution. Avante works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth.
Additionally, as a majority women-owned fund, one of Avante Mezzanine Partners’ areas of interest, although not exclusive focus, is providing capital to women and minority-owned companies. Avante is headquartered in Los Angeles, CA with an office in Boston, MA.