The Security Agreement grants a security interest in the Borrower or Guarantor's personal guaranty as described in the document to the Secured Party (the CDC). Subordination of collateral requirement letter for physical disaster loan servicing action request packages.Existing and start-up businesses welcome to apply. SECTION 4 – GENERAL FIRST LOAN REQUIREMENTS. 15-17. Release of Collateral Requirement Letter for disaster loan servicing action request packages. About this document and download. Student must read, sign, date, and submit the enclosed "Loan Disclosure and Terms. Usage fees may apply. Collateral. Collateral for the proposed loan is in the form of a Security Agreement and a recorded Collateral.