{"data":{"id":"us/13-cfr-108.1720","jurisdiction":"us","citation":"13 CFR 108.1720","heading":"Characteristics of SBA's guarantee.","body":"If SBA agrees to guarantee a NMVC Company's Debentures, such guarantee will be unconditional, irrespective of the validity, regularity or enforceability of the Debentures or any other circumstances that 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.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 108—NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM","Subpart J—SBA Financial Assistance for NMVC Companies (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":"ea5cd59db152ed3336f2a3de5b9586edd4b78f242709cc57652f22cd653d033b","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-108.1710","next":"us/13-cfr-108.1810"},"notice":"GroundRules: Original legal text. Not legal advice."}