Guaranteed Loan

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Total national government guaranteed loans decreased by P2.78 billion or 0.6 percent month-on-month to P483.81 billion in July, and P0.09 billion or 0.02 percent lower than its level a year ago.
The committee's chairman, Datuk Seri Mustapa Mohamed said that out of the figure, RM132.7 billion are government guaranteed loans.
Colony Bankcorp announced that the company has opened a Small Business Specialty Lending Group focusing on Small Business Administration lending and other government guaranteed loans. The newly created division will be based in metro Atlanta and will be led by two veteran bankers.
The indictment against Venditto and Mangano charged them with helping businessman Harendra Singh get guaranteed loans in exchange for bribes.
Having launched in April 2014, George Banco has grown to become the number two player in the UK's growing guaranteed loans market, with a total net loan book of approximately GBP 30m.
"I would like to inform you of the cabinet decision by which the government undertakes to repay guaranteed loans of local authorities to the tune of AaAaAeAa[c]AaAaAeAe1/4178 million -- and not AaAaAeAa[c]AaAaAeAe1/4185 million, as mistakenly a during my visit to Larnaca," he said.
PLP status is granted to lenders by the SBA based on their solid track record of working with the SBA and the ability to demonstrate a high proficiency in underwriting and servicing SBA guaranteed loans. The combination of being a Preferred Lender, along with local decision making allows Bank of Southern California to deliver timely credit decisions and exceptional service to our clients,' concluded DiVita.
FSA supplies credit through a combination of loans made directly to farmers (direct loans) and through Federal guarantees of loans made by commercial lenders (guaranteed loans) (USDA-FSA, 2012 and 2016).
The FSA guaranteed loans are made by banks and other lenders for which FSA guarantees up to 90 percent of any loss.
You can tap conventional bank loans, SBA guaranteed loans, and finance companies.
Categories: March 11, 2010, Appropriation limitations, Appropriations, Budget obligations, Claims settlement, Continuing budget resolutions, Cooperative agreements, Debt collection, Federal funds, Federal grants, Federal law, Government guaranteed loans, Judicial remedies, Liability (legal), Supplemental appropriations

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