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Title 13

Displaying title 13, up to date as of 7/08/2026. Title 13 was last amended 6/11/2026.
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Title 13Business Credit and AssistancePart / Section
Chapter ISmall Business Administration1 – 199
Part 107Small Business Investment Companies107.20 – 107.1930
Subpart ISBA Financial Assistance for Licensees (Leverage)107.1100 – 107.1720
General Information About Obtaining Leverage107.1100 – 107.1140
§ 107.1100Types of Leverage and application procedures.
§ 107.1120General eligibility requirements for Leverage.
§ 107.1130Leverage fees and Annual Charges.
§ 107.1140 [Reserved]
Maximum Amount of Leverage for Which a Licensee Is Eligible107.1150 – 107.1160
§ 107.1150Maximum amount of Leverage.
§ 107.1160 [Reserved]
Special Rules for Leverage Issued by an Early Stage SBIC107.1180 – 107.1182
§ 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.
Conditional Commitments by SBA To Reserve Leverage for a Licensee107.1200 – 107.1450
§ 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 [Reserved]
§ 107.1410 [Reserved]
§ 107.1420 [Reserved]
§ 107.1430 [Reserved]
§ 107.1440 [Reserved]
§ 107.1450 [Reserved]
Participating Securities Leverage107.1500 – 107.1590
§ 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 ][Reserved]
§ 107.1590 [Reserved]
Funding Leverage by Use of SBA-Guaranteed Trust Certificates (“TCs”)107.1600 – 107.1640
§ 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.
Miscellaneous107.1700 – 107.1720
§ 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.