---
kind: "section"
citation: "13 C.F.R. § 108.1200"
title: "13"
number: "108.1200"
heading: "SBA's Leverage commitment to a NMVC Company—application procedure, amount, and term."
url: "https://uscodex.org/cfr/13/108.1200"
---

# §108.1200. SBA's Leverage commitment to a NMVC Company—application procedure, amount, and term.

- (a) **General.** Under the provisions in [§§ 108.1200 through 108.1240](/cfr/13/108.1200..108.1240.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. SBA, in its discretion, may determine a minimum dollar amount for Leverage commitments. Any such minimum amounts will be published in Notices in the Federal Register from time to time.
- (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

### Authority

Authority: 15 U.S.C. 689-689q.

### Source

Source: 66 FR 28609, May 23, 2001, unless otherwise noted.