13 C.F.R. § 107.410
Changes in Control of Licensee (through change in ownership or otherwise)
(a) Prior approval requirements. You must obtain SBA's prior written approval for any proposed transaction or event that results in Control by any Person(s) not previously approved by SBA.
(b) Fee. A processing fee equal to the combined Licensing Fee (Initial Licensing Fee plus the Final Licensing Fee then in effect) defined in § 107.300 must accompany any application for approval of one or more transactions or events that will result in a transfer of Control.
Notes of Decisions
Cited in 1
case, 2012–2012 · leading case: Elk Assocs. Funding Corp. v. United States Small Bus. Admin., 858 F. Supp. 2d 1 (D.D.C. 2012).
Elk Assocs. Funding Corp. v. United States Small Bus. Admin., 858 F. Supp. 2d 1 (D.D.C. 2012). “See 13 C.F.R. § 107.410 (a). The SBA may condition approval on (1) an increase in the SBIC’s private capital, (2) the transferee’s assumption of personal liability for the SBIC’s leverage, and (3) “any other conditions set by [the] SBA, including compliance with the requirements…”
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