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SS BCI PROGRAM PROFILE: LOAN GUARANTEE PROGRAM May 17, 2011, State Small Business Credit Initiative (SS BCI) U.S. Department of the Treasury LOAN GUARANTEE PROGRAM State Small Business Credit Initiative
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The loan guarantee program is a program that provides a guarantee to the lender that a portion of a loan will be repaid in the event of a default by the borrower.
Lenders and borrowers may be required to file a loan guarantee program, depending on the specific program and requirements set by the guaranteeing organization.
To fill out a loan guarantee program, you will typically need to provide information about the borrower, the lender, the loan terms, and any collateral or guarantees involved.
The purpose of a loan guarantee program is to help facilitate lending by reducing the risk for lenders, making it easier for borrowers to access financing.
The information that must be reported on a loan guarantee program may include details about the borrower's financial situation, the loan amount, the terms of the loan, and any collateral or guarantees provided.
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