| Business Summary | | Winfield
Capital
Corp.
is
a
small
business
investment
company
(SBIC)
that
was
licensed
by
the
Small
Business
Administration
(the
SBA)
in
1972
under
the
Small
Business
Investment
Act
of
1958.
The
Company
is
a
non-diversified
investment
company
that
has
elected
to
be
regulated
as
a
business
development
company,
a
type
of
closed-end
investment
company
under
the
Investment
Company
Act
of
1940.
As
an
SBIC,
the
Company
uses
funds
borrowed
from
the
SBA,
together
with
its
own
capital,
to
provide
loans
to,
and
to
make
equity
investments
in,
unaffiliated
business
concerns
that:
do
not
have
a
net
worth
in
excess
of
$18
million
and
do
not
have
average
net
income
after
U.S.
federal
income
taxes
for
the
two
years
preceding
any
date
of
determination
of
more
than
$6
million;
or
meet
size
standards
set
by
the
SBA
that
are
measured
by
either
annual
receipts
or
number
of
employees,
depending
on
the
industry
in
which
such
concerns
are
primarily
engaged. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WCAP
is
a
non-diversified
company
that
elects
to
be
regulated
as
a
business
development
unit,
a
type
of
closed
end
investment
company.
Using
SBA
funds,
WCAP
lends
to
and
makes
investments
in
small
businesses.
For
the
three
months
ended
6/30/01,
revenues
rose
10%
to
$382
thousand.
Net
loss
fell
92%
to
$2.2
million.
Results
reflect
an
increase
in
earnings
on
temporarily
invested
funds
and
an
increase
in
market
value
of
12
portfolio
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Paul Perlin, 49 Chairman
and CEO | $263K | R. Scot Perlin, 53 CFO,
Sec., Director | 184K | David Greenberg, 42 Managing
Director | 225K | Dollar amounts are as of 31-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|