---
kind: "section"
citation: "13 C.F.R. § 107.470"
title: "13"
number: "107.470"
heading: "SBA approval of merger, consolidation, or reorganization of Licensee."
url: "https://uscodex.org/cfr/13/107.470"
---

# §107.470. SBA approval of merger, consolidation, or reorganization of Licensee.

- (a) **Prior approval requirements.** You may not merge, consolidate, change form of organization (corporation or partnership) or reorganize without SBA's prior written approval. Any such merger or consolidation will be subject to [§ 107.440](/cfr/13/107.440.md).
- (b) **Fee.** A processing fee of $5,000 must accompany any application for approval of a change in your form of organization (from corporation to partnership or partnership to corporation).

## 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.