GroundRules
13 CFR 107.1720: Characteristics of SBA's guarantee.
Where this section sits in the code
- Title 13—Business Credit and Assistance
- CHAPTER I—SMALL BUSINESS ADMINISTRATION
- PART 107—SMALL BUSINESS INVESTMENT COMPANIES
- Subpart I—SBA Financial Assistance for Licensees (Leverage)
If SBA agrees to guarantee a Licensee's Debentures or Participating Securities, such guarantee will be unconditional, irrespective of the validity, regularity or enforceability of the Debentures or Participating Securities or any other circumstances which might constitute a legal or equitable discharge or defense of a guarantor. Pursuant to its guarantee, SBA will make timely payments of principal and interest on the Debentures or the Redemption Price of and Prioritized Payments on the Participating Securities.
Collected 2026-08-27T02:24:18Z. Source file · JSON