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Are all guarantees underwritten by the SBFDC at 90% of the gross loan amount?

April 26, 2017gross guarantees loan sbfdc Underwritten

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Are all guarantees underwritten by the SBFDC at 90% of the gross loan amount?

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No. The SBFDC may provide a guarantee equal to 90% of the gross loan amount but not in excess of $500,000.00 to any one borrower. Our policy is to provide guarantees of a lesser amount in accordance with the table below. Exceptions to policy are made on a case-by-case basis.