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

  1. Law
  2. CFR 13
  3. Business Credit and Assistance
  4. Small Business Administration
  5. New Markets Venture Capital (“NMVC”) Program
  6. SBA Financial Assistance for NMVC Companies (Leverage)
  7. Conditional Commitments by SBA to Reserve Leverage for a NMVC Company
  8. Requirement for NMVC Company to file financial statements at the time of request for a draw.

Checkout our iOS App for a better way to browser and research.

§ 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.


Download our app to see the most-to-date content.