Which of the three options above has the SBFDC of Orange County utilized in the past with regard to maturing lines of credit?
Our policy is that renewal of a guarantee at maturity would not be unreasonably withheld if requested by the lender. Our goal is to provide a credit enhancement to participating lenders to entice said lenders to extend credit to a borrower who might not otherwise qualify. It is understood at inception that some lines of credit may not be handled as true lines of credit and therefore would require some sort of restructure at maturity.
