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.
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According to the SBA, CiCis Pizza restaurants have been some of the most active chain brands in the administrations guaranteed loan program so far in fiscal year 2017-201, along with Marcos Pizza and All About Cha, a fairly new chainthat focuses on teas and other drinks.
Together with TrustTwo, the group had a combined guaranteed loan book of around GBP 40m as at 30 June 2017, representing approximately 20% of the enlarged group total
M2 EQUITYBITES-August 21, 2017-Non-Standard Finance Closes GBP 53.5m Acquisition of UK Guaranteed Loan Specialist George Banco
Not only do FSA direct and guaranteed loan programs have different delivery mechanisms, they also have different roles.
In 2012, the bank partnered with the Ministry of Commerce and Industry to launch the government guaranteed loan programme in support of SMEs.
The SBA's Export Working Capital Guaranteed Loan Program is another way businesses can obtain financing for production activities up to $5 million.
Boosting loan amounts and repealing the limit on the number of years that a farmer can participate in the federally guaranteed loan program are two priorities agricultural lenders said they are seeking as Congress drafts the next farm bill.
It also looks at several options for modifying those programs, including eliminating the guaranteed loan program after July 1, 2010, and expanding direct lending.
Department of Agriculture's Rural Development's Business and Industry Guaranteed Loan Program.
For most acquisitions under the program, the bank lends 50 percent of the total amount, with an SBA guaranteed loan for 40 percent and 10 percent down payment from the borrower.
The funding is being made available through USDA Rural Development's Business and Industry Guaranteed Loan Program.
The USDA guaranteed loan will allow SoyMor to purchase equipment to convert multiple types of feedstocks, including an unrefined corn-oil waste product from nearby ethanol facilities, into biodiesel.

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