Business credit and assistance. Part115:Surety bond guarantee. SubpartB:Guarantees subject to prior approval. Section115.30:Submission of surety's guarantee application.
(a) Legal effect of application. By submitting an application to SBA for a bond guarantee, the Prior Approval Surety certifies that the Principal meets the eligibility requirements set forth in §115.13 and that the underwriting standards set forth in §115.15 have been met.