{"data":{"id":"us/13-cfr-107.1210","jurisdiction":"us","citation":"13 CFR 107.1210","heading":"Payment of leverage fee upon receipt of commitment.","body":"(a) Partial prepayment of leverage fee. As a condition of SBA's Leverage commitment, and before you draw any Leverage under such commitment, you must pay to SBA a non-refundable fee equal to 1 percent of the face amount of the Debentures or Participating Securities reserved under the commitment. This amount represents a partial prepayment of the 3 percent leverage fee established under § 107.1130(a).\n(b) Automatic cancellation of commitment. Unless you pay the fee required under paragraph (a) of this section by 5:00 P.M. Eastern Time on the 30th calendar day following the issuance of SBA's Leverage commitment, the commitment will be automatically canceled.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 107—SMALL BUSINESS INVESTMENT COMPANIES","Subpart I—SBA Financial Assistance for Licensees (Leverage)"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"e0970739515d283bf6b829bf57230ee6c88f240e796916f54ed4297415b433b7","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-107.1200","next":"us/13-cfr-107.1220"},"notice":"GroundRules: Original legal text. Not legal advice."}