13 CFR 108.1720

§ 108.1720 Characteristics of SBA's guarantee.

United States · 13 CFR — Business Credit and Assistance · Status: effective

Cite this

Citation: 13 CFR 108.1720, § 108.1720 Characteristics of SBA's guarantee, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51803
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Full text

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.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.