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What Are the Minimum/Maximum Guaranteed Loan Amounts?

April 26, 2017amounts guaranteed loan maximum minimum

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What Are the Minimum/Maximum Guaranteed Loan Amounts?

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The minimum guaranteed loan is $5,000 and the maximum loan guarantee is $25 million. A guaranteed loan can cover up to 75% of eligible project costs and up to 85% of the loan amount for loans under $600,000, declining to 60% for loans from $10-25 million.