---
kind: "section"
citation: "13 C.F.R. § 107.140"
title: "13"
number: "107.140"
heading: "SBA approval of initial Management Expenses."
url: "https://uscodex.org/cfr/13/107.140"
---

# §107.140. SBA approval of initial Management Expenses.


If you plan to obtain Leverage, you must have your Management Expenses approved by SBA at the time of licensing. (See [§ 107.520](/cfr/13/107.520.md) for the definition of Management Expenses.)


## Notes

### Authority

Authority: 15 U.S.C. 662, 681-687, 687b-h, 687k-m.

### Source

Source: 61 FR 3189, Jan. 31, 1996, unless otherwise noted.