13 C.F.R. § 108.520 Management Expenses of a NMVC Company.
Title 13 - Business Credit and Assistance
SBA must approve your initial Management Expenses and any increases in your Management Expenses. (a) Definition of Management Expenses. Management Expenses include: (1) Salaries; (2) Office expenses; (3) Travel; (4) Business development; (5) Office and equipment rental; (6) Bookkeeping; and (7) Expenses related to developing, investigating and monitoring investments. (b) Management Expenses do not include services provided by specialized outside consultants, outside lawyers and independent public accountants, if they perform services not generally performed by a venture capital company.
Title 13: Business Credit and Assistance
PART 108—NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM
Subpart G—Managing the Operations of a NMVC Company
Management and Compensation
§ 108.520 Management Expenses of a NMVC Company.
