U.S. Code of Federal Regulations

Regulations most recently checked for updates: Jan 21, 2026

All TitlesTitle 13Chapter IPart 108Subpart G - Subpart G—Managing the Operations of a NMVC Company

GENERAL REQUIREMENTS
§ 108.500 - Lawful operations under the Act.
§ 108.502 - Representations to the public.
§ 108.503 - NMVC Company's adoption of an approved valuation policy.
§ 108.504 - Equipment and office requirements.
§ 108.506 - Safeguarding the NMVC Company's assets/Internal controls.
§ 108.507 - Violations based on false filings and nonperformance of agreements with SBA.
§ 108.509 - Employment of SBA officials.

MANAGEMENT AND COMPENSATION
§ 108.510 - SBA approval of NMVC Company's Investment Adviser/Manager.
§ 108.520 - Management Expenses of a NMVC Company.

CASH MANAGEMENT BY A NMVC COMPANY
§ 108.530 - Restrictions on investments of idle funds by NMVC Companies.

BORROWING BY NMVC COMPANIES FROM NON-SBA SOURCES
§ 108.550 - Prior approval of secured third-party debt of NMVC companies.

VOLUNTARY DECREASE IN REGULATORY CAPITAL
§ 108.585 - Voluntary decrease in NMVC Company's Regulatory Capital.
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