A promise made by an outside party to repay a debt if the debtor should default on the loan. The loan guarantee makes the outside party essentially a co-signer and holds that party equally responsible for repayment of the loan. "Amy was able to get the loan because her employer acted as her loan guarantee for the borrowed funds."
Related information about loan guarantee:
- Loan guarantee - Wikipedia, the free encyclopedia
A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults.
- DOE-Loan Programs Office
Loan Guarantee Program. DOE Finalizes Loan Guarantee for Transformational Rooftop Solar Project. Largest rooftop project in ... What is a Loan Guarantee?
- LOAN GUARANTEE PROGRAM - Department of the Treasury
May 17, 2011 ... A Loan Guarantee Program enables small businesses to obtain term ... Like all credit programs, a Loan Guarantee Program can be tailored to ...
- Business and Industry Guaranteed Loan (B&I) - Rural Development ...
BUSINESS AND INDUSTRY GUARANTEED LOANS (B&I). The purpose of the B&I Guaranteed Loan Program is to improve, develop, or finance business, ...
- Guaranteed Loan Programs (Debt Financing) | SBA.gov
Banks and other lending institutions offer a number of SBA guaranteed loan programs to assist small businesses. While SBA itself does not make loans, it does ...
- SoloPower, Solar Company With U.S. Loan Guarantee, Opens Factory
Sep 27, 2012 ... By Dan Cook PORTLAND (Reuters) - U.S. solar start-up SoloPower opened the doors of its first factory on Thursday, a key milestone toward ...
- Loan Guarantee
Sep 26, 2012 ... Medium and Long-Term Loan Guarantee. Ex-Im Bank's guarantees help you secure competitive financing for your international buyers.
- House votes to phase out energy loan guarantee program after ...
Sep 14, 2012 ... House Republicans have pushed through a bill shining a campaign-season light on the most conspicuous failure of President Obama's ...