§ 108.110. Qualified management.
118 words·~1 min read·
/us/cfr/t13/s§ 108.110·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An Applicant must show, to the satisfaction of SBA, that its current or proposed management team is qualified and has the knowledge, experience, and capability in Community Development Finance or Relevant Venture Capital Finance, necessary for investing in the types of businesses contemplated by the Act, the regulations in this part and its business plan. In determining whether an Applicant's current or proposed management team has sufficient qualifications, SBA will consider information provided by the Applicant and third parties concerning the background, capability, education, training and reputation of its general partners, managers, officers, key personnel, and investment committee and governing board members.
The Applicant must designate at least one individual as the official responsible for contact with SBA.