Statutes, codes, and regulations
Code of Federal Regulations
Title 13 - BUSINESS CREDIT AND ASSISTANCEChapter I - SMALL BUSINESS ADMINISTRATIONPart 108 - NEW MARKETS VENTURE CAPITAL ("NMVC") PROGRAMSubpart J - SBA FINANCIAL ASSISTANCE FOR NMVC COMPANIES (LEVERAGE)
MISCELLANEOUS
Section 108.1720 - Characteristics of SBA's guarantee

13 C.F.R. § 108.1720

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Current through August 31, 2024
Section 108.1720 - Characteristics of SBA's guarantee

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.

13 C.F.R. § 108.1720