§ 107.1200SBA's Leverage commitment to a Licensee—application procedure, amount, and term.
(a)General. Under the provisions in §§ 107.1200 through 107.1240, you may apply for SBA's conditional commitment to reserve a specific amount and type of Leverage for your future use. You may then apply to draw down Leverage against the commitment.
(b)Applying for a Leverage commitment. SBA will notify you when it is accepting requests for Leverage commitments. Upon receipt of your request, SBA will send you a complete application package.
(c)Limitations on the amount of a Leverage commitment. The amount of a Leverage commitment must be a multiple of $5,000.
(d)Term of Leverage commitment. SBA's Leverage commitment will automatically lapse on the expiration date stated in the commitment letter issued to you by SBA.