Debenture Refinancing Policy Letter
… “refinancing” and maximum leverage. Policy guidance U.S. SMALL BUSINESS ADMINISTRATION WASHINGTON, D.C. 20416 DATE : … and maximum leverage. 2. "Refinancing Leverage" . A licensee is not permitted to use the proceeds of any of its … leverage that the licensee is eligible to obtain, unless (i) SBA subsequently approves additional leverage for the …