13 CFR § 107.470 - SBA approval of merger, consolidation, or reorganization of Licensee.

---
identifier: "/us/cfr/t13/s107.470"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 107.470 - SBA approval of merger, consolidation, or reorganization of Licensee."
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "107.470"
section_name: "SBA approval of merger, consolidation, or reorganization of Licensee."
chapter_name: "SMALL BUSINESS ADMINISTRATION"
part_number: "107"
part_name: "SMALL BUSINESS INVESTMENT COMPANIES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 662, 681-687, 687b-h, 687k-m."
regulatory_source: "61 FR 3189, Jan. 31, 1996, unless otherwise noted."
cfr_part: "107"
---


# 107.470 SBA approval of merger, consolidation, or reorganization of Licensee.

(a) *Prior approval requirements.* You may not merge, consolidate, change form of organization (corporation or partnership) or reorganize without SBA's prior written approval. Any such merger or consolidation will be subject to § 107.440.

(b) *Fee.* A processing fee of $5,000 must accompany any application for approval of a change in your form of organization (from corporation to partnership or partnership to corporation).