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). We require that you provide us evidence that you have established acceptable insurance coverage as outlined in the loan agreement.Subordination of collateral requirement letter for physical disaster loan servicing action request packages. A personal loan guarantee for an SBA loan is a legally binding agreement where the borrower assumes personal responsibility for repaying the loan. Before you sign a loan agreement, you need to read the fine print and make sure you understand what you're agreeing to. Here's what to look out for. Most forms may be filled out on your computer, printed and submitted for filing with the Department of State. "Collateral" has the meaning given to such term in the Guarantee and Collateral Agreement. All businesses have to borrow at some point. Here's how to best negotiate a loan agreement for the benefit of your business.