Gtd Loan Product

Products

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AID Loans	AID loans are 100% guaranteed by the full faith and credit of the U.S. Government. Loans carry fixed or variable rate coupons and normally have maturities ranging from nine to thirty years. Ownership is evidenced by individual document packages. Loans are made to assist the development of friendly third world countries with participation from those countries; governments. The full, faith and credit guarantee is only for investors that are U.S. Entities.

NOAA Loans	NOAA loans are 100% guaranteed by the full faith and credit of the US Government. Loans carry fixed or variable rate coupons with no minimum or maximum denomination or maturity. Ownership is evidenced by individual document packages. NOAA guarantees funding for the purchase of commercial fishing vessels and related industries.

OPIC Loans	100% guaranteed by the full faith and credit of the U.S. Government. Loans carry fixed or variable rate coupons with normal maturities ranging from five to ten years. OPIC's purpose is to promote economic growth in developing countries through insuring investments against certain political risks and the financing of enterprises through direct loans and/or loan guarantees. Typical loan guarantees range from $2 million to $25 million, but can be as large as $50 million. Individual loans average from $500,000 to $6 million.

RECD Loans	Formally FmHA loans, RECD loans are guaranteed by the full faith and credit of the U.S. Government, are similar in many respects to SBA loans. Basic differences include no minimum or maximum denomination or maturity, optional use of a fiscal and transfer agent and ownership evidenced by individual document packages. FmHA business and industry loans (B&I) are available to businesses and individuals in rural areas and in communities of less than 50,000 population.

SBA Loans	The SBA 7(a) loan guarantee program provides long term financing for small businesses not normally available through conventional commercial lending channels. This program provides the nation's small business community with manageable long term debt service. These guarantees are issued to qualified credit worthy borrowers whose loan applications meet the criteria of both the lending institution and the Small Business Administration. Loans can be guaranteed to a maximum amount of $750,000.

SBA Pools	The collateral for SBA pools is loans to small businesses that are guaranteed by the full faith and credit of the US Government as timely payment of principal and interest. Most of the pools are adjusted to the prime rate and have no periodic cap and only a few of the pools have a lifetime cap. The adjustability feature along with the superior credit quality of the SBA pool makes this investment an attractive product.

SBA Strips	Interest only, known as "Strips", are a derivative product created as a function of pooling of SBA guaranteed loans. The loans from which strips are taken are generally variable rated based on Wall Street Journal prime with monthly payments and monthly or quarterly rate adjustments. Original maturities range from 7 to 25 years. Strips offer investors a number of attractive features such as the guarantee of accrued interest by the full faith and credit of the U.S. Government, attractive yields and a wide range of maturities.

USDA Loans	Loans guaranteed by the United States Department of Agriculture (USDA) are traded nationally in an active secondary market and offer investors a unique combination of safety, attractive yields and, if adjustable, rate sensitivity. The USDA guarantees loans through many programs.