{"data":{"id":"us/13-cfr-107.1720","jurisdiction":"us","citation":"13 CFR 107.1720","heading":"Characteristics of SBA's guarantee.","body":"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.","path":["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)"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"36c3e9bda7d68b750f548777d1aa38b1e7bad0d664351e1a2ea2347759ed32ba","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-107.1710","next":"us/13-cfr-107.1800"},"notice":"GroundRules: Original legal text. Not legal advice."}