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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 13 - Business Credit and Assistance |
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Chapter I - Small Business Administration |
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Part 108 - New Markets Venture Capital (“NMVC”) Program |
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Subpart J - SBA Financial Assistance for NMVC Companies (Leverage) |
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Conditional Commitments by SBA to Reserve Leverage for a NMVC Company |
§ 108.1220 - Requirement for NMVC Company to file financial statements at the time of request for a draw.
Latest version.
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§ 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.