§107.1200. SBA's Leverage commitment to a Licensee—application procedure, amount, and term.
13 C.F.R. § 107.1200
General. Under the provisions in §§ 107.1200 through 107.1240, you may apply for SBA's conditional commitment to reserve a specific amount and type of Leverage for your future use. You may then apply to draw down Leverage against the commitment.
Applying for a Leverage commitment. SBA will notify you when it is accepting requests for Leverage commitments. Upon receipt of your request, SBA will send you a complete application package.
Limitations on the amount of a Leverage commitment. The amount of a Leverage commitment must be a multiple of $5,000.
Term of Leverage commitment. SBA's Leverage commitment will automatically lapse on the expiration date stated in the commitment letter issued to you by SBA.
Notes, amendments, and revision history
Amendments
[61 FR 3189, Jan. 31, 1996, as amended at 63 FR 5868, Feb. 5, 1998]
Authority
Authority: 15 U.S.C. 662, 681-687, 687b-h, 687k-m.
Source
Source: 61 FR 3189, Jan. 31, 1996, unless otherwise noted.
Amendments
[61 FR 3189, Jan. 31, 1996, as amended at 63 FR 5868, Feb. 5, 1998]