U.S. Code of Federal Regulations

Regulations most recently checked for updates: Aug 27, 2025

All TitlesTitle 13Chapter IPart 107Subpart E - Subpart E—Managing the Operations of a Licensee

GENERAL REQUIREMENTS
§ 107.500 - Lawful operations under the Act.
§ 107.501 - Identification.
§ 107.502 - Representations to the public.
§ 107.503 - Licensee's adoption of an approved valuation policy.
§ 107.504 - Equipment and office requirements.
§ 107.506 - Safeguarding Licensee's assets/Internal controls.
§ 107.507 - Violations based on false filings and nonperformance of agreements with SBA.
§ 107.509 - Employment of SBA officials.

MANAGEMENT AND COMPENSATION
§ 107.510 - SBA approval of Licensee's Investment Adviser/Manager.
§ 107.520 - Management Expenses of a Licensee.

CASH MANAGEMENT BY A LICENSEE
§ 107.530 - Restrictions on investments of idle funds by leveraged Licensees.

BORROWING BY LICENSEES FROM NON-SBA SOURCES
§ 107.550 - Prior approval of secured third-party debt of Leveraged Licensees.
§ 107.560 - Subordination of SBA's creditor position.
§ 107.565 - Restrictions on third-party debt of Early Stage SBICs.
§ 107.570 - [Reserved]

DISTRIBUTIONS AND REDUCTIONS IN REGULATORY CAPITAL
§ 107.585 - Distributions and reductions in Regulatory Capital.

REQUIREMENT TO CONDUCT ACTIVE INVESTMENT OPERATIONS
§ 107.590 - Licensee's requirement to maintain active operations.
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