Requirement for RBIC to file financial statements at the time of request for a draw
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(a) If you submit a request for a draw against your Leverage commitment more than 90 days following your submission of an annual SBA Form 468 or a SBA Form 468 (Short Form) or other USDA-approved form(s), you must:
(1) Give the Agency a financial statement on Form 468 (Short Form) or other USDA-approved form(s), and
(2) File a statement of no material adverse change in your financial condition since your last filing of SBA Form 468 or other USDA-approved form(s).
(b) You will not be eligible for a draw if you are not in compliance with this § 4290.1220.
[69 FR 32204, June 8, 2004, as amended at 76 FR 80224, Dec. 23, 2011]
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