{"data":{"id":"us/7-cfr-4279.137","jurisdiction":"us","citation":"7 CFR 4279.137","heading":"Financial statements.","body":"Except for audited financial statements required by § 4279.71, the lender will determine the type and frequency of submission of financial statements by the borrower and any guarantors. At a minimum, annual financial statements prepared by an accountant in accordance with GAAP are required, except for personal financial statements and cooperative stock purchase loans in accordance with § 4279.115(a) that do not have to be prepared in accordance with GAAP. However, if the loan amount exceeds $10 million or if circumstances warrant, the Agency may require annual audited financial statements.","path":["Title 7—Agriculture","Subtitle B—Regulations of the Department of Agriculture","CHAPTER XLII—RURAL BUSINESS-COOPERATIVE SERVICE, DEPARTMENT OF AGRICULTURE","PART 4279—GUARANTEED LOANMAKING","Subpart B—Business and Industry Loans"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-7.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:01Z","sha256":"226e3b4999962f03887787f51a1d8f3db603749d0b5d869091a79c96fce5302c","source_id":"us-cfr","stale":true,"prev":"us/7-cfr-4279.136","next":"us/7-cfr-4279.138-4279.143"},"notice":"GroundRules: Original legal text. Not legal advice."}