Before disbursing, the 7(a) Lender obtains the Borrower's (and OC's and EPC's) certifications that they received the Terms and Conditions; there has been no adverse change since the application; no 50%-or-more principal is more than 60 days behind on court- or agency-ordered child support; all federal, state and local taxes are current; any 401(k) plan complies; they comply with environmental laws, know of no other hazards and indemnify the Lender and SBA; they will reimburse expenses, keep books and give access and annual statements, post SBA Form 722, buy American-made goods where practicable, pay taxes when due, confirm refinanced debt was used only for the business, and not let the financed or business premises be leased to or occupied by a business engaged in or facilitating illegal activity; and that without the Lender's prior written consent they will not make distributions harming their finances, change ownership, or sell, lease or encumber assets outside the ordinary course. A separate loan agreement is required only if the Lender uses one on non-SBA loans.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.