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Notes

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

13 C.F.R. § 108.1220

(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.
Notes, amendments, and revision history

Authority

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

Source

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