# 13 CFR § 108.340: Evaluation and selection—general

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-13-108.340

## Section

- **Citation:** 13 CFR § 108.340
- **Heading:** Evaluation and selection—general
- **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 E—Evaluation and Selection of NMVC Companies

## Text

SBA will evaluate and select an Applicant to participate in the NMVC program solely at SBA's discretion, based on SBA's review of the Applicant's application materials, interviews or site visits with the Applicant (if any), and background investigations conducted by SBA and other Federal agencies. SBA's evaluation and selection process is intended to—
(a) Ensure that Applicants are evaluated on a competitive basis and in a fair and consistent manner;
(b) Take into consideration the unique proposals presented by Applicants;
(c) Ensure that each Applicant that SBA designates as a NMVC Company can fulfill successfully the goals of its comprehensive business plan; and
(d) Ensure that SBA selects Applicants in such a way as to promote Developmental Venture Capital investments nationwide and in both urban and rural areas.

## 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-13-108.340. Check the current official text before relying on it. Not legal advice.