Exhibit 99.n.4 GEORGE STELLJES, III -------------------- July 25, 2001 Gladstone Capital Corporation 1750 Tysons Blvd., 4th Floor McLean, Virginia 22102 CONSENT TO REFERENCE IN PROSPECTUS In connection with the Registration Statement on Form N-2 filed by Gladstone Capital Corporation (the "COMPANY"), File No. 333-63700, I hereby consent to the reference to me in the prospectus included in such registration statement as a future member of the board of directors of the Company. Very truly yours, /s/ George Stelljes, III ------------------------------------------- George Stelljes, III