National Guarantees Fund
Encyclopedia
The National Guarantees Fund, S.A.
is a government-sponsored guarantor of commercial loans
, part of the Executive Branch of the Government of Colombia
, that facilitates financing for micro, small
, and medium businesses by offering financial guarantees
.
S.A. (corporation)
S.A. designates a particular type of corporation in various countries, mostly those employing the civil law. It originated in Spain during the 16th century. Depending on language, the abbreviation stands for various phrases meaning anonymous society, anonymous company, anonymous partnership, or...
is a government-sponsored guarantor of commercial loans
Commercial and industrial loan
A commercial and industrial loan is a loan to a business rather than a loan to an individual consumer. These short-term loans may have an interest rate based on the LIBOR rate or prime rate and are secured by collateral owned by the business requesting the loan....
, part of the Executive Branch of the Government of Colombia
Government of Colombia
The government of Colombiais a republic with separation of powers into executive, judicial and legislative branches.Its legislature has a congress,its judiciary has a supreme court, andits executive branch has a president....
, that facilitates financing for micro, small
Small business
A small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships...
, and medium businesses by offering financial guarantees
Surety
A surety or guarantee, in finance, is a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults...
.