Even if you have to apply for a government-guaranteed loan, know that your lender can often sell off the guaranteed portion in the secondary market and earn handsome fees.
The two banks will each underwrite $200 million of the nonguaranteed portion of the loan and $800 million of the guaranteed portion.
The personally guaranteed portion — almost a billion — represented the value of Trump's good will, putative creditworthiness, and capacity for shame.
No one would be surprised if two years from now, when the guaranteed portion of his contract expires, the firm is transformed.
The salary would have kept Torre as the highest-paid manager in the majors, but the guaranteed portion would have represented a cut from his present salary, which averaged $6.4 million over the last three seasons.
Santana will be 34 at the end of the guaranteed portion of the contract, which with the low interest rate on deferred money would be worth about $20 million a year in present-day dollars.
Although he did accept less money, Lee can now call himself the highest-paid active pitcher, based on the $24 million average annual value of the guaranteed portion of his contract.
The guaranteed portion of Jones's contract had a signing bonus reportedly worth more than $800,000, and the Giants paid him part of his salary even though they were not required to do so.
The S.B.A.'s solution to the small-loan drought is to waive the fees it charges banks for guaranteeing these small loans — both the one-time fee it charges at the time of the loan (percentages vary with the size of the loan) and the annual fee of.55 percent of the guaranteed portion of the loan (it would be waived for at least one year).
SweetIM's founders will get a guaranteed portion now of $32.5 million and $7.5 million later – based on performance.
But if injury or ineffectiveness takes hold, a player can be cut before his contract is up, as long as he's paid out his guaranteed portion.
