SAT

Saratoga Investment Corp (NYSE:SAR) is a specialty finance company founded as a business development company (BDC) that focuses on providing capital to middle-market companies in the United States. The company elected to be regulated under the Investment Company Act of 1940, which provides it with certain tax advantages while requiring it to distribute most of its income to shareholders. Saratoga operates with an SBIC-licensed subsidiary, allowing it to access government-backed funding to support small business lending. The company has been publicly traded since its IPO and serves as a key provider of debt financing to companies that typically fall between traditional bank lending and large institutional credit markets.