The Jordan Loan Guarantee Corporation,JLGC,was established as a public shareholding company in May 17, 1994 with a paid-up capital of JD 7 million as a legal heir for “Loan Guarantee” project, which was founded by United States Agency for International Development in 1989, and was managed by the industrial development bank until September 1993. The company’s aim was to provide the necessary guarantees to facilitate financing of SMEs owned by the private sector and working in all productive economic fields in Jordan.