13 CFR 108.1220 - Requirement for NMVC Company to file financial statements at the time of request for a draw.

Regulations last checked for updates: May 29, 2024

Title 13 - Business Credit and Assistance last revised: May 02, 2024

View all text of Subpart J [§ 108.1100 - § 108.1720]

§ 108.1220 - Requirement for NMVC Company to file financial statements at the time of request for a draw.

(a) If you submit a request for a draw against SBA's Leverage commitment more than 90 days since your submission of an annual Form 468 or a Form 468 (Short Form), you must:

(1) Give SBA a financial statement on Form 468 (Short Form); and

(2) File a statement of no material adverse change in your financial condition since your last filing of Form 468.

(b) You will not be eligible for a draw if you are not in compliance with this section.

authority: 15 U.S.C. 689-689q.

source: 66 FR 28609, May 23, 2001, unless otherwise noted.

cite as: 13 CFR 108.1220