Solomon Hess SBA Management LLC (Solomon Hess, the Firm or the Manager) was formed in 2004 by William E. Einstein and Anthony J. “Gino” Heilizer to act as a management entity for SBA related investment Funds. Solomon Hess SBA Management LLC is 100% owned by Solomon Hess LLC. Mr. Einstein, Mr. Michael Fallon, and the Anthony J. Heilizer Irrevocable Trust collectively own 100% of Solomon Hess LLC. Solomon Hess’ only clients are pooled investment vehicles or Funds. Solomon Hess manages three investment Funds: the Solomon Hess SBA Loan Fund LLC, the Solomon Hess Opportunity Fund LLC, and the Solomon Hess IO Opportunities Fund LLC (collectively, the “Funds” or “Clients” and individually a “Fund” or “Client”). Descriptions of each Client are included below. Investing in the federally guaranteed portion of Small Business Administration (SBA) and United States Department of Agriculture loans, pools (securities), excess servicing assets and other structured-fixed income securities, guaranteed or otherwise, continues to be the investment focus of Solomon Hess, although the Funds have the ability to acquire and hold other types of fixed income and equity-based investments, including derivatives. Fund investors should refer to each Fund’s respective offering documents for a detailed discussion of each Fund’s investment mandate and strategy. Solomon Hess does not tailor its advisory services to the individual needs of the Fund investor; rather, investors invest in the Funds described below, and Solomon Hess manages those Funds according to the stated objectives and strategies of the Funds. Solomon Hess does not participate in wrap fee programs. Investors may not impose restrictions on investing in certain securities or certain types of securities. In aggregate, Solomon Hess had $937 million of assets under management as of December 31, 2023, all of which are managed on a discretionary basis. Solomon Hess SBA Loan Fund LLC Solomon Hess formed its first investment Fund, the Solomon Hess SBA Loan Fund LLC (SBA Loan Fund), in 2004 to invest primarily in the federally guaranteed portion of Small Business Administration (SBA) 7(a) loans that qualify for consideration under the Community Reinvestment

Act (CRA). The CRA is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound banking operations. Solomon Hess Opportunity Fund LLC In 2010, Solomon Hess established the HEC Opportunity Fund LLC primarily to purchase and hold the federally guaranteed portion of SBA 7(a) loans and pools, SBA 504 loan pools and United States Department of Agriculture (USDA) loans and interest-only strips created off of these same assets on a leveraged and outright basis. At the end of 2015, the HEC Opportunity Fund LLC was renamed the Solomon Hess Opportunity Fund LLC, the Opportunity Fund was converted to an open-ended structure, and the Opportunity Fund was opened to new investors. Solomon Hess Opportunity Fund II LLC As of January 1, 2020, the Solomon Hess Opportunity Fund LLC began operating using a mini- master structure that allows an investor to invest either directly in the Opportunity Fund or indirectly through Solomon Hess Opportunity Fund II LLC, a Delaware limited liability company (the “Feeder Fund”). The Feeder Fund is the sole member and invests substantially all its assets in Solomon Hess Offshore Intermediate Opportunity Fund LLC, a Cayman Islands exempted limited liability company, which in turn invests substantially all of its assets in the Opportunity Fund. Solomon Hess IO Opportunities Fund LLC In February 2022, the Firm formed the Solomon Hess IO Opportunities Fund LLC. The Fund began operations in March 2022 and was established primarily to purchase and hold the federally guaranteed portion of SBA 7(a) loans and pools and interest-only strips created off of these same assets on a leveraged and outright basis. In addition to the investment strategies briefly mentioned above, Solomon Hess may also invest in other securities on behalf of the Funds it manages according to the investment mandate of each Fund. These other securities include, but are not limited to, other fixed income securities, equity securities, and derivatives instruments. For a more detailed description of the risks involved in these types of investments, please see Item 8 of this Brochure.