(a) Types of Leverageable available. You may apply for Leverage from SBA in one or both of the following forms:
- (1) The purchase or guarantee of your Debentures.
- (2) The purchase or guarantee of your Participating Securities.
- (b) Applying for Leverage. The Leverage application process has two parts. You must first apply for SBA's conditional commitment to reserve a specific amount of Leverage for your future use. You may then apply to draw down Leverage against the commitment. See §§ 107.1200 through 107.1240.
[63 FR 5868, Feb. 5, 1998, as amended at 64 FR 70996, Dec. 20, 1999; 82 FR 39341, Aug. 18, 2017]