What are SBA's additional requirements on capital maintenance for SBA Supervised Lenders?

CFR · 2024-01-01 · US · Title 13

(a) (ii) Any NFRL approved on or after January 4, 2021, including in the event of a change of ownership or control, must maintain the minimum capital requirement set forth in paragraph (a)(1)(i) of this section. (iii) Unless subject to paragraph (a)(1)(i) or (ii) of this section, an NFRL must comply with the minimum capital requirements for NFRLs that were in effect on January 3, 2021. (2) (b) (c) (i) Management capability; (ii) Quality of operating policies, procedures, and internal controls; (iii) Quality and quantity of earnings; (iv) Asset quality and the adequacy of the allowance for loan losses within the loan portfolio; (v) Sufficiency of liquidity; and (vi) Any other risk-oriented activities or conditions that warrant additional capital (e.g., portfolio growth rate). (2) An SBA Supervised Lender must keep its capital plan current, updating it at least annually or more often as operating conditions may warrant. (d) (e) (f) (2) (3) (4) (5)

official document · source cfr-2024 · id 13:§ 120.462