7.21 The JV may want to arrange a loan from standard commercial lenders (e.g. banks). This is usually only possible when the JV can offer security for the loan or has a track record of generating profits. If there is still considerable commercial risk, the lender may require a guarantee from the JV's founding participants. In normal circumstances the public sector body should avoid giving such guarantees however this will be considered on a case by case basis according to the corporate policy of the public sector body.