13 C.F.R. § 120.472 Reports to SBA.
Title 13 - Business Credit and Assistance
An SBLC must submit the following to the AA/FA: (a) An audited financial statement prepared by a certified public accountant within three months after the close of each fiscal year, and interim financial reports when requested by SBA; (b) A report of any legal or administrative proceeding, by or against the SBLC, or against an officer, director, or employee of the SBLC for an alleged breach of official duty, within 10 days after initiating or learning of the proceeding, as well as notification of the terms of any settlement or final judgment (in addition to any reporting under applicable SBA Forms); (c) Copies of any report furnished to its stockholders (including any prospectus, letter, or other publication concerning the financial operations of the SBLC); (d) A summary of any changes in the SBLC's organization or financing, such as: (1) Any change in its name, address or telephone number; (2) Any change in its charter, bylaws, or its officers or directors (to be accompanied by a statement of personal history on an approved SBA form); (3) Any changes in capitalization (including those identified in §120.470); (4) Any changes affecting the eligibility of the SBLC to continue to participate as an SBLC; and (5) Notice of a pledge of stock within 30 calendar days of the transaction if 10 percent or more of the stock is pledged by any person (or group of persons acting in concert) as collateral for indebtedness, and such pledge does not involve a transfer for which prior written approval of SBA is required under §120.473; (e) Such other reports as SBA may require from time to time by written directive.
Title 13: Business Credit and Assistance
PART 120—BUSINESS LOANS
Subpart D—Lenders
§ 120.472 Reports to SBA.
