Instead of the provisions found in Sec. 4279.126, the provisions of this section apply to loans guaranteed under this subpart, except as provided in Sec. 4279.232(e).
(a) The repayment term for a loan under this subpart will be for a maximum period of 20 years or the useful life of the project, as determined by the lender and confirmed by the Agency, whichever is less. The length of the loan term shall be the same for both the guaranteed and unguaranteed portions of the loan.
(b) Guarantees shall be provided only after consideration is given to the borrower's overall credit quality and to the terms and conditions of any applicable subsidies, tax credits, and other such incentives.
(c) All loans guaranteed under this subpart must be financially sound and feasible, with reasonable assurance of repayment.
(d) A loan's maturity will take into consideration the use of proceeds, the useful life of assets being financed, and the borrower's ability to repay the loan.
(e) Repayment of the loan shall be in accordance with Sec. 4279.125(a) and Sec. 4279.126(b) and (c). Sec. 4279.233 [Reserved]