13 C.F.R. § 108.1240 Funding of NMVC Company's draw request through sale to third-party.
Title 13 - Business Credit and Assistance
(a) NMVC Company's authorization of SBA to arrange sale of securities to third-party. By submitting a request for a draw of Debenture Leverage, you authorize SBA, or any agent or trustee SBA designates, to enter into any agreements (and to bind you to such agreements) necessary to accomplish: (1) The sale of your Debenture to a third-party at a rate approved by SBA; and (2) The purchase of your security from the third-party and the pooling of your security with other securities with the same maturity date. (b) Sale of Debentures to a third-party. If SBA arranges for the sale of your Debenture to a third-party, the sale price may be an amount discounted from the face amount of the Debenture.
Title 13: Business Credit and Assistance
PART 108—NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM
Subpart J—SBA Financial Assistance for NMVC Companies (Leverage)
Conditional Commitments by SBA To Reserve Leverage for a NMVC Company
§ 108.1240 Funding of NMVC Company's draw request through sale to third-party.
