what is an sba debenture
Definition Debenture. SBA Loan Terms: Debenture. A debenture is a certificate that shows the debt of a government or company. It is backed only by the general credit of the issuer. It is not secured by the assets of the issuer.Since there is no collateral, these bonds may carry a higher risk, and therefore a higher rate of return, when compared to an asset-backed bond.