SAV

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 businesses in the United States. The company operates under the Investment Company Act of 1940 and has elected BDC status, which requires it to distribute at least 90% of its taxable income to shareholders. Saratoga went public on the New York Stock Exchange and includes an SBIC-licensed subsidiary, allowing it to access government-backed funding for small business investments. The company serves as a critical capital provider to businesses that are typically too large for traditional bank lending but too small for public capital markets.