1. LawStack
  2. Title 13 - Business Credit and Assistance
  3. Chapter I - SMALL BUSINESS ADMINISTRATION
  4. Part 107 - SMALL BUSINESS INVESTMENT COMPANIES
  5. Subpart E - Managing the Operations of a Licensee
  6. Topic - Borrowing by Licensees From Non-SBA Sources
  7. 13 CFR § 107.565
13 CFR § 107.565
Restrictions on third-party debt of Early Stage SBICs
November 10, 2020
CFR

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.

[77 FR 25052, Apr. 27, 2012]

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§ 107.560 Subordination of SBA's creditor position
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§ 107.570 Restrictions on third-party debt of issuers of Participating Securities

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