---
kind: "section"
citation: "13 C.F.R. § 107.565"
title: "13"
number: "107.565"
heading: "Restrictions on third-party debt of Early Stage SBICs."
url: "https://uscodex.org/cfr/13/107.565"
---

# §107.565. Restrictions on third-party debt of Early Stage SBICs.


If you are an Early Stage SBIC and you have outstanding Leverage or a Leverage commitment, you must get SBA's prior written approval to have, incur, or refinance any third-party debt other than accounts payable from routine business operations.


## Notes

### Amendments

[77 FR 25052, Apr. 27, 2012]

### 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

[77 FR 25052, Apr. 27, 2012]