§ 120.344. Unique requirements of the EWCP.
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/us/cfr/t13/s§ 120.344·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)An applicant must submit cash flow projections to support the need for the loan and the ability to repay. After the loan is made, the loan recipient must submit continual progress reports.
(b)SBA does not limit the amount of extraordinary servicing fees, as referenced in § 120.221(b), under the EWCP.
(c)SBA does not prescribe the interest rates for the EWCP, but will monitor these rates for reasonableness. \[61 FR 3235, Jan. 31, 1996, as amended at 85 FR 7648, Feb. 10, 2020; 85 FR 80588, Dec. 14, 2020\]
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§ 120.344
Unique requirements of the EWCP.
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