Minimum capital requirements for RBICs.

CFR · 2024-01-01 · US · Title 7

(a) (b) (i) Has satisfied all eligibility criteria for licensing as a RBIC as described in § 4290.390(a) of this part, except the capital requirement specified in paragraph (a)(1) of that section, as determined solely by the Agency; (ii) Has a viable business plan reasonably projecting profitable operations; and (iii) Has a reasonable timetable for achieving Regulatory Capital of at least $10,000,000. (2) A RBIC licensed under this exception is not eligible to receive Leverage until it has complied with paragraph (a) of this section. (c) (d)

official document · source cfr-2024 · id 7:§ 4290.210