Home/CFR/Title 13/Part 107
FEDERAL · 13 CFR

Part 107 — Small Business Investment Companies

136 sections · Title 13: Business Credit and Assistance

§ 107.20Legal basis and applicability of this part 107.
§ 107.25Severability.
§ 107.30Amendments to Act and regulations.
§ 107.40How to read this part 107.
§ 107.50Definition of terms.
§ 107.100Organizing a Section 301(c) Licensee.
§ 107.1151940 Act and 1980 Act Companies.
§ 107.120§ 107.120 [Reserved]
§ 107.130Requirement for qualified management.
§ 107.140SBA approval of initial Management Expenses.
§ 107.150Management-ownership diversification requirement.
§ 107.160Special rules for Licensees formed as limited partnerships.
§ 107.200Adequate capital for Licensees.
§ 107.210Minimum capital requirements for Licensees.
§ 107.230Permitted sources of Private Capital for Licensees.
§ 107.240Limitations on including non-cash capital contributions in Private Capital.
§ 107.250§ 107.250 [Reserved]
§ 107.300License application form and fee.
§ 107.305Evaluation of license applicants.
§ 107.310§ 107.310 [Reserved]
§ 107.320Leverage portfolio diversification.
§ 107.400Changes in ownership of 10 percent or more of Licensee but no change of Control.
§ 107.410Changes in Control of Licensee (through change in ownership or otherwise).
§ 107.420Prohibition on exercise of ownership or Control rights in Licensee before SBA approval.
§ 107.430Notification to SBA of transactions that may change ownership or Control.
§ 107.440Standards governing prior SBA approval for a proposed transfer of Control.
§ 107.450Notification to SBA of pledge of Licensee's shares.
§ 107.460§ 107.460 [Reserved]
§ 107.470SBA approval of merger, consolidation, or reorganization of Licensee.
§ 107.475Transfer of license.
§ 107.500Lawful operations under the Act.
§ 107.501Identification.
§ 107.502Representations to the public.
§ 107.503Licensee's adoption of an approved valuation policy.
§ 107.504Equipment and office requirements.
§ 107.506Safeguarding Licensee's assets/Internal controls.
§ 107.507Violations based on false filings and nonperformance of agreements with SBA.
§ 107.509Employment of SBA officials.
§ 107.510SBA approval of Licensee's Investment Adviser/Manager.
§ 107.520Management Expenses of a Licensee.
§ 107.530Restrictions on investments of idle funds by leveraged Licensees.
§ 107.550Prior approval of secured third-party debt of Leveraged Licensees.
§ 107.560Subordination of SBA's creditor position.
§ 107.565Restrictions on third-party debt of Early Stage SBICs.
§ 107.570§ 107.570 [Reserved]
§ 107.585Distributions and reductions in Regulatory Capital.
§ 107.590Licensee's requirement to maintain active operations.
§ 107.600General requirement for Licensee to maintain and preserve records.
§ 107.610Required certifications for Loans and Investments.
§ 107.620Requirements to obtain information from Portfolio Concerns.
§ 107.630Requirement for Licensees to file financial statements with SBA (Form 468).
§ 107.640Requirement to file Portfolio Financing Reports (SBA Form 1031).
§ 107.650Requirement to report portfolio valuations to SBA.
§ 107.660Other items required to be filed by Licensee with SBA.
§ 107.665Civil penalties.
§ 107.670Application for exemption from civil penalty for late filing of reports.
§ 107.680Reporting changes in Licensee not subject to prior SBA approval.
§ 107.690Examinations.
§ 107.691Responsibilities of Licensee during examination.
§ 107.692Examination fees.
§ 107.700Compliance with size standards in part 121 of this chapter as a condition of Assistance.
§ 107.710Requirement to finance smaller enterprises.
§ 107.720Small Businesses that may be ineligible for financing.
§ 107.730Financings which constitute conflicts of interest.
§ 107.740Portfolio diversification (“Overline” limitation).
§ 107.750Conditions for financing a change of ownership of a Small Business.
§ 107.760How a change in size or activity of a Portfolio Concern affects the Licensee and the Portfolio Concern.
§ 107.800Financings in the form of Equity Securities.
§ 107.810Financing in the form of Loans.
§ 107.815Financings in the form of Debt Securities.
§ 107.820Financings in the form of guarantees.
§ 107.825Purchasing securities from an underwriter or other third party.
§ 107.830Duration/term of financing.
§ 107.835§ 107.835 [Reserved]
§ 107.840§ 107.840 [Reserved]
§ 107.845§ 107.845 [Reserved]
§ 107.850Restrictions on redemption of Equity Securities.
§ 107.855Interest rate ceiling and limitations on fees charged to Small Businesses (“Cost of Money”).
§ 107.860Financing fees and expense reimbursements a Licensee may receive from a Small Business.
§ 107.865Control of a Small Business by a Licensee.
§ 107.880Assets acquired in liquidation of Portfolio securities.
§ 107.885Disposition of assets to Licensee's Associates or to competitors of Portfolio Concern.
§ 107.900Management fees for services provided to a Small Business by Licensee or its Associate.
§ 107.1000Non-leveraged Licensees—exceptions to this part.
§ 107.1100Types of Leverage and application procedures.
§ 107.1120General eligibility requirements for Leverage.
§ 107.1130Leverage fees and Annual Charges.
§ 107.1140§ 107.1140 [Reserved]
§ 107.1150Maximum amount of Leverage.
§ 107.1160§ 107.1160 [Reserved]
§ 107.1180Required distributions to SBA by Early Stage SBICs.
§ 107.1181Interest reserve requirements for Early Stage SBICs.
§ 107.1182Valuation requirements for Early Stage SBICs based on Capital Impairment Percentage.
§ 107.1200SBA's Leverage commitment to a Licensee—application procedure, amount, and term.
§ 107.1210Payment of leverage fee upon receipt of commitment.
§ 107.1220Requirement for Licensee to file quarterly financial statements.
§ 107.1230Draw-downs by Licensee under SBA's Leverage commitment.
§ 107.1240Funding of Licensee's draw request through sale to short-term investor.
§ 107.1400§ 107.1400 [Reserved]
§ 107.1410§ 107.1410 [Reserved]
§ 107.1420§ 107.1420 [Reserved]
§ 107.1430§ 107.1430 [Reserved]
§ 107.1440§ 107.1440 [Reserved]
§ 107.1450§ 107.1450 [Reserved]
§ 107.1500General description of Participating Securities.
§ 107.1505Liquidity requirements for Licensees issuing Participating Securities.
§ 107.1510How a Licensee computes Earmarked Profit (Loss).
§ 107.1520How a Licensee computes and allocates Prioritized Payments to SBA.
§ 107.1530How a Licensee computes SBA's Profit Participation.
§ 107.1540Distributions by Licensee—Prioritized Payments and Adjustments.
§ 107.1550Distributions by Licensee—permitted “tax Distributions” to private investors and SBA.
§ 107.1560Distributions by Licensee—required Distributions to private investors and SBA.
§ 107.1570Distributions by Licensee—optional Distribution to private investors and SBA.
§ 107.1575Distributions on other than Payment Dates.
§ 107.1580Special rules for In-Kind Distributions by Licensees.
§ 107.1585§ 107.1585 ][Reserved]
§ 107.1590§ 107.1590 [Reserved]
§ 107.1600SBA authority to issue and guarantee Trust Certificates.
§ 107.1610Effect of prepayment or early redemption of Leverage on a Trust Certificate.
§ 107.1620Functions of agents, including Central Registration Agent, Selling Agent and Fiscal Agent.
§ 107.1630SBA regulation of Brokers and Dealers and disclosure to purchasers of Leverage or Trust Certificates.
§ 107.1640SBA access to records of the CRA, Brokers, Dealers and Pool or Trust assemblers.
§ 107.1700Transfer by SBA of its interest in Licensee's Leverage security.
§ 107.1710SBA authority to collect or compromise its claims.
§ 107.1720Characteristics of SBA's guarantee.
§ 107.1800Licensee's agreement to terms and conditions in §§ 107.1810 and 107.1820.
§ 107.1810Events of default and SBA's remedies for Licensee's noncompliance with terms of Debentures.
§ 107.1820Conditions affecting issuers of Preferred Securities and/or Participating Securities.
§ 107.1830Licensee's Capital Impairment—definition and general requirements.
§ 107.1840Computation of Licensee's Capital Impairment Percentage.
§ 107.1845Determination of Capital Impairment Percentage for Early Stage SBICs.
§ 107.1850Watchlist.
§ 107.1900Surrender of license.
§ 107.1910Non-waiver of SBA's rights or terms of Leverage security.
§ 107.1920Licensee's application for exemption from a regulation in this part 107.
§ 107.1930Effect of changes in this part 107 on transactions previously consummated.