13 CFR § 400.203 - Guarantee percentage.

---
identifier: "/us/cfr/t13/s400.203"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 400.203 - Guarantee percentage."
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "400.203"
section_name: "Guarantee percentage."
chapter_name: "EMERGENCY STEEL GUARANTEE LOAN BOARD"
part_number: "400"
part_name: "EMERGENCY STEEL GUARANTEE LOAN PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Pub. L. 106-51, 113 Stat. 252 (15 U.S.C. 1841 note); Pub. L. 106-102, 113 Stat. 1338."
regulatory_source: "64 FR 57933, Oct. 27, 1999, unless otherwise noted."
cfr_part: "400"
---


# 400.203 Guarantee percentage.

A guarantee issued by the Board may not exceed 85 percent of the amount of the principal of a loan to a Qualified Steel Company. Subject to the provisions of this part, one or more third parties, public or private, may guarantee repayment of part of the Unguaranteed Portion of a loan guaranteed by the Board.

[66 FR 53080, Oct. 19, 2001]