Final answer:
Advances can generally be made under a guaranteed line of credit up to the final maturity date of the loan; however, terms may vary by lender and agreement.
Step-by-step explanation:
The statement that advances under a guaranteed line of credit loan can be made up until the final maturity date of the loan is typically true. A guaranteed line of credit (LOC) often allows the borrower to make advances up to a certain limit within a specified time, which is up to the loan's maturity date. This flexibility is one of the main features of a line of credit. However, the specific terms can vary depending on the lender and the agreement. It's critical for borrowers to review the terms of their line of credit agreement to understand their rights and obligations regarding advances and the repayment schedule.