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Small Business Administration 7(a) Loan
Guaranty Program
Robert Jay Digger
Senior Specialist in American National Government
February 12, 2015Congressional Research Service
75700
www.crs.gov
R41146Small
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What is guaranty program?
A guaranty program is a type of program where a party agrees to be responsible for the debt or obligations of another party.
Who is required to file guaranty program?
The party who is providing the guarantee or guaranty is required to file the guaranty program.
How to fill out guaranty program?
To fill out a guaranty program, the guarantor must provide their personal and financial information, details of the guarantee, and any other requested information.
What is the purpose of guaranty program?
The purpose of a guaranty program is to provide assurance that a debt or obligation will be paid in full, even if the original party is unable to fulfill their obligations.
What information must be reported on guaranty program?
The guaranty program must include details of the guarantor, the party being guaranteed, the terms of the guarantee, and any conditions or limitations.
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