U.S. Code of Federal Regulations

Regulations most recently checked for updates: Jan 21, 2026

§ 107.1410 - Requirement to redeem 4 percent Preferred Securities.
Link to an amendment published at 91 FR 9, Jan. 2, 2026.

You must redeem 4 percent Preferred Securities not later than 15 years from the date of issuance. At the redemption date, you must pay to SBA:

(a) The par value (of preferred stock) or face value (of a preferred limited partnership interest); plus

(b) Any unpaid dividends or partnership distributions accrued to the redemption date.