Is collateral required?
Yes. Collateral must have documented value sufficient to protect the interest of the lender and the agency. The discounted collateral value will normally be at least equal to the loan amount. Lenders will discount collateral consistent with sound loan-to-value policy.

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1. Who may borrow?
2. How may funds be used?
3. What is the percentage of guarantee?
4. What are the loan amounts?
5. What are the loan terms?
6. What are the interest rates?
7. Is collateral required?
8. Annual renewal fee?
9. Where should applications be filed?