13 CFR 107.130
§ 107.130 Requirement for qualified management.
United States · 13 CFR — Business Credit and Assistance · Status: effective
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- Citation
- 13 CFR 107.130, § 107.130 Requirement for qualified management, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51573
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Full text
When applying for a license, and while you have a license, you must show, to the satisfaction of SBA, that your current or proposed management team is qualified and has the knowledge, experience and capability necessary for investing in the types of businesses contemplated by the Act, the regulations in this part 107, and your business plan. You must designate at least one individual as the official responsible for contact with SBA.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.