---
kind: "section"
citation: "13 C.F.R. § 107.1200"
title: "13"
number: "107.1200"
heading: "SBA's Leverage commitment to a Licensee—application procedure, amount, and term."
url: "https://uscodex.org/cfr/13/107.1200"
---

# §107.1200. SBA's Leverage commitment to a Licensee—application procedure, amount, and term.

- (a) **General.** Under the provisions in [§§ 107.1200 through 107.1240](/cfr/13/107.1200..107.1240.md), 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.
- (b) **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.
- (c) **Limitations on the amount of a Leverage commitment.** The amount of a Leverage commitment must be a multiple of $5,000.
- (d) **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

[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]