Economic & Tourism Development
Loan Guarantees
Updated February 8, 2000
 Economic Development & Trade
Loan guarantees ensure the repayment of some portion of a loan that a commercial lender has made to an approved firm. State programs may include minimum and maximum amounts, specify or limit the purposes for which the proceeds of the guaranteed loan are used, specify ceilings on interest rates, and require non-fiscal performance from the borrower, such as creation of a specified number of jobs.
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