General description of Participating Securities.

CFR · 2024-01-01 · US · Title 13

(a) (b) (1) Minimum capital (see § 107.210). (2) Liquidity (see § 107.1505). (3) Non-SBA borrowing (see § 107.570). (4) Equity investing, as set forth in this paragraph (b)(4). If you issue Participating Securities, you must invest an amount equal to the Original Issue Price of such securities solely in Equity Capital Investments, as defined in § 107.50. (c) (1) (2) (3) (d) (e) (f) (1) The Redemption Price of Participating Securities; (2) Any Earned Prioritized Payments and any earned Adjustments and earned Charges (see § 107.1520); and (3) Any Profit Participation allocated to SBA under § 107.1530.

official document · source cfr-2024 · id 13:§ 107.1500