7 CFR 4290.1220 - Requirement for RBIC to file financial statements at the time of request for a draw.

Regulations last checked for updates: Nov 24, 2024

Title 7 - Agriculture last revised: Nov 20, 2024

View all text of Subpart J [§ 4290.1100 - § 4290.1720]

§ 4290.1220 - Requirement for RBIC to file financial statements at the time of request for a draw.

(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]

authority: 7 U.S.C. 1989 and 2009cc

source: 69 FR 32204, June 8, 2004, unless otherwise noted.

cite as: 7 CFR 4290.1220