13 CFR § 108.2002 - Eligibility of SSBICs to apply for Operational Assistance grants.
---
identifier: "/us/cfr/t13/s108.2002"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 108.2002 - Eligibility of SSBICs to apply for Operational Assistance grants."
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "108.2002"
section_name: "Eligibility of SSBICs to apply for Operational Assistance grants."
chapter_name: "SMALL BUSINESS ADMINISTRATION"
part_number: "108"
part_name: "NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
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"
---
# 108.2002 Eligibility of SSBICs to apply for Operational Assistance grants.
An SSBIC is eligible to apply for an Operational Assistance grant if:
(a) It intends to increase its Regulatory Capital, as in effect on December 21, 2000, and to make Low-Income Investments in the amount of such increase;
(b) It intends to raise binding commitments for contributions in cash or in-kind, and/or to purchase an annuity, in an amount not less than 30 percent of the intended increase in its Regulatory Capital described in paragraph (a) of this section; and
(c) It has a plan describing how it intends to use the requested grant funds to provide Operational Assistance to Smaller Enterprises in which it has made or expects to make Low-Income Investments after December 21, 2000.
[67 FR 68503, Nov. 12, 2002]