{"data":{"id":"us/13-cfr-120.400","jurisdiction":"us","citation":"13 CFR 120.400","heading":"Loan Guarantee Agreements.","body":"SBA may enter into a Loan Guarantee Agreement with a Lender to make deferred participation (guaranteed) loans. Such an agreement does not obligate SBA to participate in any specific proposed loan that a Lender may submit. The existence of a Loan Guarantee Agreement does not limit SBA's rights to deny a specific loan or establish general policies. See also § 120.440(c) concerning Supplemental Guarantee Agreements.","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 120—BUSINESS LOANS","Subpart D—Lenders"],"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":"4e3c8e96a0329011f1c0831cde36bfe3028a24cd9b0687dc74b4384f0938f027","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-120.398","next":"us/13-cfr-120.410"},"notice":"GroundRules: Original legal text. Not legal advice."}