13 CFR § 108.140 - SBA approval of initial Management Expenses.

---
identifier: "/us/cfr/t13/s108.140"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 108.140 - SBA approval of initial Management Expenses."
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "108.140"
section_name: "SBA approval of initial Management Expenses."
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"
---


# 108.140 SBA approval of initial Management Expenses.

A NMVC Company must have its Management Expenses approved by SBA at the time of designation as a NMVC Company. (See § 108.520 for the definition of Management Expenses.)