---
kind: "section"
citation: "13 C.F.R. § 108.1720"
title: "13"
number: "108.1720"
heading: "Characteristics of SBA's guarantee."
url: "https://uscodex.org/cfr/13/108.1720"
---

# §108.1720. Characteristics of SBA's guarantee.


If SBA agrees to guarantee a NMVC Company's Debentures, such guarantee will be unconditional, irrespective of the validity, regularity or enforceability of the Debentures or any other circumstances that 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.


## Notes

### Authority

Authority: 15 U.S.C. 689-689q.

### Source

Source: 66 FR 28609, May 23, 2001, unless otherwise noted.