Private Capital for NMVC Companies.

CFR · 2024-01-01 · US · Title 13

(a) (b) (c) (1) Funds borrowed by a NMVC Company from any source. (2) Funds obtained through the issuance of Leverage. (3) Funds obtained directly from any Federal agency or department. (4) Any portion of a commitment from an Institutional Investor with a net worth of less than $10 million that exceeds 10 percent of such Institutional Investor's net worth. (5) A commitment from an investor if SBA determines that the collectability of the commitment is questionable. (d) (e) (1) Such Person's net worth is at least twice the amount borrowed; or (2) SBA gives its prior written approval of the capital contribution.

official document · source cfr-2024 · id 13:§ 108.230