---
kind: "section"
citation: "13 C.F.R. § 107.1720"
title: "13"
number: "107.1720"
heading: "Characteristics of SBA's guarantee."
url: "https://uscodex.org/cfr/13/107.1720"
---

# §107.1720. Characteristics of SBA's guarantee.


If SBA agrees to guarantee a Licensee's Debentures or Participating Securities, such guarantee will be unconditional, irrespective of the validity, regularity or enforceability of the Debentures or Participating Securities or any other circumstances which might constitute a legal or equitable discharge or defense of a guarantor. Pursuant to its guarantee, SBA will make timely payments of principal and interest on the Debentures or the Redemption Price of and Prioritized Payments on the Participating Securities.


## Notes

### Amendments

[63 FR 5873, Feb. 5, 1998]

### Authority

Authority: 15 U.S.C. 662, 681-687, 687b-h, 687k-m.

### Source

Source: 61 FR 3189, Jan. 31, 1996, unless otherwise noted.

### Amendments

[63 FR 5873, Feb. 5, 1998]