Regulations last checked for updates: Oct 17, 2024

Title 13 - Business Credit and Assistance last revised: Oct 01, 2024
All TitlesTitle 13Chapter IPart 107Subpart C - Subpart C—Qualifying for an SBIC License
View all text of Subpart C [§ 107.100 - § 107.320]
§ 107.140 - SBA approval of initial Management Expenses.

If you plan to obtain Leverage, you must have your Management Expenses approved by SBA at the time of licensing. (See § 107.520 for the definition of Management Expenses.)

authority: 15 U.S.C. 662,681,687b,687k
source: 61 FR 3189, Jan. 31, 1996, unless otherwise noted.
cite as: 13 CFR 107.140
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