Achieving sustainable economic growth depends on many factors. One of them is that bank loans can create added value by using them in effective and efficient areas. While this is achieved, banks also face risks, such as credit risk. Related risks can be managed by banks, as well as shared and transferred with various institutions. Credit guarantees, which is one of the common application areas in this scope, has close interaction with other economic factors and activities today. In the study, the effects of loans used under loan guarantee; the possibilities of creating national income and growth together with its effects on factors such as industrial production, foreign trade and employment have been studied by creating two different models.