StacksVerified U.S. regulatory reference

13 CFR §107.565

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
If you are an Early Stage SBIC and you have outstanding Leverage or a Leverage commitment, you must get SBA's prior written approval to have, incur, or refinance any third-party debt other than accounts payable from routine business operations.