Title XVII of that bill created a program of government guaranteed loans for green energy businesses.
Saab and Volvo may receive government-guaranteed loans, ostensibly to improve the efficiency of their cars.
The government also offered support to fledging firms via direct investments and guaranteed loans.
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The number of federally guaranteed loans increased by 43 percent and loan awards increased by 68 percent.
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Similarly, it envisions granting Moscow access to billions of dollars in non-transparent interbank deposits and credit lines, overt government-guaranteed loans, "property settlements, " and other bilateral arrangements.
There is an encouraging precedent: in 1997 Sallie Mae, the student loans agency, was privatised by separating its government-guaranteed loans and debts from its future, non-guaranteed, activities.
For years we had a system in which the student loan program went through banks and financial intermediaries who would take a fee, even though they were taking no risk, because these were all federally guaranteed loans.
America's Student Loan Providers (ASLP), a group that represents loan providers under the federally guaranteed program, estimates that the bill will cut funding for guaranteed loans by about 80%, forcing borrowers into Direct Loans, which typically have slightly higher interest rates.
The venture capital firms that receive matching SBA-guaranteed loans will reap 2% management fees each year on the total fund of both private investment and government-backed debt, according to Sean Greene, the associate administrator for investment at the Small Business Administration.
The law also added service-disabled vets to the list of groups eligible for fully guaranteed loans under the government's 7A small-business loan program and created a government-wide goal that 3% of all federal contracts must go to small businesses owned by service-disabled veterans.
But critics of the bill passed Friday are concerned that it will quash the lending industry by steering colleges in the direction of Direct Loans administered by the Department of Education instead of federally guaranteed loans, which account for about 80% federal student loans.
Executives at several American banks said they were reluctant to lend not only because of concerns about creditworthiness, but also because of the heavy paperwork involved in government guaranteed loans, their own weak capital bases, and a desire to limit their already considerable holdings of similar loans to other countries.
The project was in trouble, and unless the nuns guaranteed construction loans, it would fail.
But the interest rate on state-guaranteed bank loans to students at newer private universities, introduced in 2006, was fixed at 5.8%.
Last year Congress also reduced federal subsidies for federally-guaranteed student loans, and some lenders said that made the business uneconomical for them.
It would also impede the Federal Housing Administration from originating guaranteed mortgage loans, making it very hard for lower-income citizens to buy homes.
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Five years after a class graduates--from Yale or the Culinary Institute of America or wherever--the government would average the wage incomes of all those graduates who got federally guaranteed tuition loans and publish the results.
Some simple and necessary adjustments will facilitate loans guaranteed by the SBA to be directed to the small Main Street businesses in our country that need them the most.
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Founded in 1973 as a government-sponsored enterprise, Sallie Mae originally borrowed money at near-government rates to purchase loans guaranteed by the government, but in the 1990s Congress took away SLM's funding edge.
The consumer asset backed securities market is a source of liquidity to financial institutions that provide federally guaranteed small business loans and consumer lending such as auto loans, student loans and credit cards.
While rates on jumbos are way down from a high of about 7.9% in October 2008, they remain well above the 5.1% found on conventional loans guaranteed by Fannie or Freddie, according to HSH Associates.
In addition, the Federal Reserve and the Treasury have jointly announced a facility that will lend against AAA-rated asset-backed securities collateralized by student loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration.
Analysts reckon that at least 15 of the 119 construction firms listed on the first section of the Tokyo Stock Exchange are bust in all but name, as the value of their land holdings bought at the height of the bubble has plummeted and loans guaranteed to subsidiaries and property developers have turned sour.
When the cash runs out, the powers-that-be take out short-term, high-interest loans, guaranteed against future oil production.
The company is no growth rocket, but the business of funding and servicing government-guaranteed and private student loans is pretty stable.
And we guaranteed some of these loans by up to 90 percent, which has given local banks and credit unions the confidence they need to lend.
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So even though the loans were guaranteed by the federal government, we were still paying banks billions of dollars to be pass-throughs for the student loan program.
Keenest to ensure that the banks own up to their past sins are Fannie Mae and Freddie Mac, the housing agencies that bought or guaranteed many of the loans.
The banks make several billion dollars' worth of profits off managing these student loans, which would be okay except for the fact that these loans are guaranteed by the federal government.
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