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

  1. Law
  2. CFR 7
  3. Agriculture
  4. Regulations of the Department of Agriculture
  5. Rural Business-Cooperative Service and Rural Utilities Service, Department of Agriculture
  6. Rural Business Investment Company (“RBIC”) Program
  7. Financial Assistance for RBICs (Leverage)
  8. Conditional Commitments to Reserve Leverage for a RBIC
  9. Requirement for RBIC to file financial statements at the time of request for a draw.

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§ 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]


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