# 13 CFR § 108.10: Description of the New Markets Venture Capital Program

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-13-108.10

## Section

- **Citation:** 13 CFR § 108.10
- **Heading:** Description of the New Markets Venture Capital Program
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 13—Business Credit and Assistance > CHAPTER I—SMALL BUSINESS ADMINISTRATION > PART 108—NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM > Subpart A—Introduction to Part 108

## Text

The New Markets Venture Capital (“NMVC”) Program is a developmental venture capital program for the purpose of promoting economic development and the creation of wealth and job opportunities in low-income geographic areas and among individuals living in such areas. SBA selects and then enters into participation agreements with selected newly formed venture capital companies, and provides leverage in the form of debenture guarantees to such companies to allow them to make equity capital investments in smaller enterprises located in low-income geographic areas. SBA also awards grants to such companies and to Specialized Small Business Investment Companies so that they can provide operational assistance to such smaller enterprises in connection with such investments.

## Nearby sections

- [13 CFR § 108.10 § 108.10 Description of the New Markets Venture Capital Program.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.10.md)
- [13 CFR § 108.20 § 108.20 Legal basis and applicability of this part 108.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.20.md)
- [13 CFR § 108.30 § 108.30 Amendments to Act and regulations.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.30.md)
- [13 CFR § 108.40 § 108.40 How to read this part 108.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.40.md)
- [13 CFR § 108.50 § 108.50 Definition of terms.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.50.md)
- [13 CFR § 108.300 § 108.300 When and how to apply for designation as a NMVC Company.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.300.md)
- [13 CFR § 108.310 § 108.310 Contents of application.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.310.md)
- [13 CFR § 108.320 § 108.320 Contents of comprehensive business plan.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.320.md)
- [13 CFR § 108.330 § 108.330 Grant issuance fee.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.330.md)
- [13 CFR § 108.340 § 108.340 Evaluation and selection—general.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.340.md)
- [13 CFR § 108.350 § 108.350 Eligibility and completeness.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.350.md)
- [13 CFR § 108.360 § 108.360 Evaluation criteria.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.360.md)
- [13 CFR § 108.370 § 108.370 Conditional approval.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.370.md)
- [13 CFR § 108.380 § 108.380 Final approval as a NMVC Company.](https://www.frixlaw.com/law-library/statutes/ecfr-13-108.380.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-13-108.10. Check the current official text before relying on it. Not legal advice.