Can advances under a guaranteed line of credit be made until the loan matures?

Advances under a guaranteed line of credit are typically structured around specific terms that include a set maturity date. This means that advances cannot be made beyond this predetermined date. The design of these lines of credit ensures that both the lender and the borrower adhere to the timeline established during the setup of the loan agreement. Therefore, once the loan reaches its maturity date, any further advances are no longer permitted, thereby maintaining the integrity of the loan structure and encouraging timely repayments.

The other choices do not align with the conventional practices related to the structure of such lines of credit. While advances may be common during the life of the loan up to the maturity date, the necessity of adhering to the agreed timeframe is paramount in lending agreements.