13 CFR § 108.1240 - Funding of NMVC Company's draw request through sale to third-party.
---
identifier: "/us/cfr/t13/s108.1240"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 108.1240 - Funding of NMVC Company's draw request through sale to third-party."
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "108.1240"
section_name: "Funding of NMVC Company's draw request through sale to third-party."
chapter_name: "SMALL BUSINESS ADMINISTRATION"
part_number: "108"
part_name: "NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM"
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. 689-689q."
regulatory_source: "66 FR 28609, May 23, 2001, unless otherwise noted."
cfr_part: "108"
---
# 108.1240 Funding of NMVC Company's draw request through sale to third-party.
(a) *NMVC Company's authorization of SBA to arrange sale of securities to third-party.* By submitting a request for a draw of Debenture Leverage, you authorize SBA, or any agent or trustee SBA designates, to enter into any agreements (and to bind you to such agreements) necessary to accomplish:
(1) The sale of your Debenture to a third-party at a rate approved by SBA; and
(2) The purchase of your security from the third-party and the pooling of your security with other securities with the same maturity date.
(b) *Sale of Debentures to a third-party.* If SBA arranges for the sale of your Debenture to a third-party, the sale price may be an amount discounted from the face amount of the Debenture.