13 CFR 107.692 - Examination fees.

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§ 107.692 Examination fees.

(a)General. SBA will assess fees for examinations in accordance with this § 107.692. Unless SBA determines otherwise on a case by case basis, SBA will not assess fees for special examinations to obtain specific information.

(b)Base fee. A base fee will be assessed based on your total assets (at cost) as of the date of your latest certified financial statement or a more recent interim statement requested by and submitted to SBA in connection with the examination. The base fee table is as follows:

Total assets of licensee Base fee Plus, percent of assets
$0 to $1,500,000 $3,500 0%
$1,500,001 to $5,000,000 3,700 .065% of the amount over $1,500,000
$5,000,001 to $10,000,000 6,000 .02% of the amount over $5,000,000
$10,000,001 to $15,000,000 7,000 .01% of the amount over $10,000,000
$15,000,001 to $25,000,000 7,700 .015% of the amount over $15,000,000
$25,000,001 to $50,000,000 9,200 .015% of the amount over $25,000,000
$50,000,001 to $60,000,000 13,000 .01% of the amount over $50,000,000
$60,000,001 and above 14,000 0%

(c)Adjustments to base fee. Your base fee, as determined by the table in paragraph (b) of this section, will be adjusted (increased or decreased) based on the following criteria:

(1) If you have no outstanding regulatory violations at the time of the commencement of the examination and SBA did not identify any violations as a result of the most recent prior examination, you will receive a 15% discount on your base fee;

(2) If you were fully responsive to the letter of notification of examination (that is, you provided all requested documents and information within the time period stipulated in the notification letter in a complete and accurate manner, and you prepared and had available all information requested by the examiner for on-site review), you will receive a 10% discount on your base fee;

(3) If you are organized as a partnership or limited liability company, you will pay an additional charge equal to 5% of your base fee;

(4) If you are an Early Stage SBIC with outstanding Leverage or Leverage commitments, you will pay an additional charge equal to 10% of your base fee;

(5) If you are a Licensee authorized to issue Participating Securities, you will pay an additional charge equal to 10% of your base fee; and

(6) If you maintain your records/files in multiple locations (as permitted under § 107.600(b)), you will pay an additional charge equal to 10% of your base fee.

(d)Fee discounts and additions table. The following table summarizes the discounts and additions noted in paragraph (c) of this section:

Examination fee discounts Amount of
discount -
of base
examination fee
Examination fee additions Amount of
addition -
of base
examination fee
No prior violations 15 Partnership or limited liability company 5
Responsiveness 10 Participating Security Licensee 10
Records/Files at multiple locations 10
Early Stage SBIC 10

(e)Delay fee. If, in the judgement of SBA, the time required to complete your examination is delayed due to your lack of cooperation or the condition of your records, SBA may assess an additional fee of up to $500 per day.

[ 62 FR 23338, Apr. 30, 1997, as amended at 77 FR 25052, Apr. 27, 2012]

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United States Code
Statutes at Large

Title 13 published on 04-May-2017 03:04

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 13 CFR Part 107 after this date.

  • 2017-05-02; vol. 82 # 83 - Tuesday, May 2, 2017
    1. 82 FR 20433 - Small Business Investment Companies: Passive Business Expansion and Technical Clarifications
      GPO FDSys XML | Text
      Final rule; delay of effective date and request for comment.
      The effective date of the SBA final rule published December 28, 2016 (81 FR 95419), delayed until March 21, 2017 at 82 FR 8499 and then further delayed until May 20, 2017 at 82 FR 14428, is further delayed until August 18, 2017. Comments on this document must be submitted no later than June 1, 2017.
      13 CFR Part 107
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