Guarantee of Loans (Small Businesses) Act, 1998 (Cap. 345). Country/Territory Bahamas Document type Legislation Date 1998 Source FAO, FAOLEX Long titleAn Act to provide for the guarantee by the Government of the Commonwealth of The Bahamas of loans by financial institutions to small business and for purposes connected thereto. Subject Agricultural & rural development Keyword Agricultural development Credit Special fund Geographical area Americas, Caribbean, Latin America and the Caribbean, North Atlantic, Small Island Developing States Abstract This Act grants power to the Government to provide guarantee to approved lenders for loans extended to small businesses and in particular to enterprises in the fisheries, forestry, horticulture and livestock sector. Lending institutions shall be approved by the Minister under this Act and such approved lender shall apply for a guarantee with the Minister in the prescribed form. The Act sets out duties and rights of a lender and conditions of a guaranteed loan. The Minister shall establish a Loan Guarantee Fund for purposes of this Act. Full text English Website laws.bahamas.gov.bs