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470 date, state the reasonable cause for extension, and assert how much additional time is needed in

470 date, state the reasonable cause for extension, and assert how much additional time is needed in 2025

470 date, state the reasonable cause for extension, and assert how much additional time is needed in Preview on Page 1

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The document outlines the Small Business Administration's (SBA) regulations regarding extension requests, civil penalties, and compliance requirements for SBA Supervised Lenders and Small Business Lending Companies (SBLCs). It details the process for requesting extensions or reductions of civil penalties due to late report submissions, the criteria for determining willful neglect, and the necessary conditions SBLCs must meet, including capital requirements and management structure.

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