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

13 C.F.R. § 108.1220
in effectEffective: 2024-07-01
Sign in to generate a plain English summaryAsk Belisarius Agent
(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.

Starting a business? Corpus forms LLCs in all 50 states and DC.