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13 CFR 107.565

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

United States · 13 CFR — Business Credit and Assistance · Status: effective

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13 CFR 107.565, § 107.565 Restrictions on third-party debt of Early Stage SBICs, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51610
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Full text

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.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.