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LOAN GUARANTEE
SOLICITATION ANNOUNCEMENT. S. Department of Energy
Loan Programs Office
FEDERAL LOAN GUARANTEES FOR
TRIBAL ENERGY DEVELOPMENT PROJECTS
Solicitation Number: 89303018RLP000005
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What is federal loan guarantees for?
Federal loan guarantees are designed to encourage lenders to provide financing to individuals or businesses who may not otherwise qualify for a loan.
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Lenders or financial institutions who provide loans backed by federal loan guarantees are required to file the necessary paperwork.
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The purpose of federal loan guarantees is to reduce the risk for lenders so that they are more willing to provide financing to individuals or businesses with a higher risk profile.
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Information that must be reported on federal loan guarantees includes details about the borrower, the loan amount, the interest rate, and any collateral that is being used to secure the loan.
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