UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December 5, 2014
Business Development Corporation of America
(Exact Name of Registrant as Specified in Its Charter)
Maryland
(State or Other Jurisdiction of Incorporation)
|
814-00821 |
27-2614444 |
| (Commission File Number) | (IRS Employer Identification No.) |
405 Park Avenue, 14th Floor
New York, New York 10022
(Address, Including Zip Code, of Principal Executive Offices)
(212) 415-6500
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| £ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| £ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| £ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| £ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On December 5, 2014 Business Development Corporation of America (the “Company”) withdrew its application for a license from the U.S. Small Business Administration (“SBA”) to operate an additional subsidiary as a small business investment company (“SBIC”).
On March 26, 2014, the Company announced the receipt of a green light letter from the SBA dated March 20, 2014 inviting the Company to continue its application process to obtain a license to form and operate a SBIC. The Company formally submitted an application to the SBA for a SBIC license on April 29, 2014 and the application was accepted for filing on April 30, 2014.
After discussions with the SBA, the Company elected to withdraw its application. The Company intends to re-file its application at a future date that is within 18 months from the date of the green light letter as permitted under the terms of that letter.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BUSINESS DEVELOPMENT CORPORATION OF AMERICA | |||
| Date: December 5, 2014 | By: | /s/ Peter M. Budko | |
| Name: | Peter M. Budko | ||
| Title: | Chief Executive Officer | ||