{"data":{"id":"us/13-cfr-107.320","jurisdiction":"us","citation":"13 CFR 107.320","heading":"Leverage portfolio diversification.","body":"To minimize “cost” as defined in section 502(5)(A) of the Federal Credit Reform Act of 1990, SBA reserves the right to maintain broad diversification to mitigate concentration of investment risk in approving Leverage commitments for Leveraged Licensees with respect to:\n(a) The year in which they commence operations;\n(b) The geographic location (giving first priority to applicants from Underlicensed States with below median SBIC Financing dollars per State); and\n(c) The asset class and investment strategy.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 107—SMALL BUSINESS INVESTMENT COMPANIES","Subpart C—Qualifying for an SBIC License"],"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":"3eb63523eac5f0d863178a7465ffa0eac531d5667ab302191b75e663f446d781","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-107.310","next":"us/13-cfr-107.400"},"notice":"GroundRules: Original legal text. Not legal advice."}