Guaranteed Loan

Guaranteed Loan

A loan on which payment is guaranteed by a third party such as a government, an insurance company or a co-signer. A guaranteed loan is doubly protected because repayment can come either from the issuer or from the third party in case the issuer defaults. As such, a guaranteed loan is low risk and therefore usually carries a lower interest rate than another loan without a guarantee.
References in periodicals archive ?
The funding is being made available through USDA Rural Development's Business and Industry Guaranteed Loan Program.
These programs include signing up producers for direct government program payments, working with producers on land conservation plans, grain sealing programs to assist producers with marketing of their crops and providing both direct and guaranteed loan assistance to financially distressed agricultural producers.
ABBEY National has been slated by the Advertising Standards Authority for a mailshot headlined: "A guaranteed loan of pounds 10,000 is waiting for you.
Overwhelming demand caused the SBA to run out of funds for the guaranteed loan program last week.
BLX is a licensed participant in the SBA 7(a) guaranteed loan program and is a nationwide SBA Preferred lender.
With that experience under his belt, he was able to secure a $50,000 guaranteed loan from the Business Development Corp.
The Republicans changed the scoring rules for student loans, instructing the Congressional Budget Office (CBO) to count the administrative costs of the direct lending program--but not the guaranteed loan program.
Many states have designated a central location for guaranteed loan processing so lenders have the convenience of working with a single contact office.
Precept's Guaranteed Loan Program is framed around the company's strong confidence in its system.
Small Business Administration's Section 7(a) Guaranteed Loan Program.
Department of Agriculture, through its Rural Housing Service's (RHS) Guaranteed Loan program, and the remaining 13% is uninsured.

Full browser ?