
The Collateral Support Program (CSP) may be accessed via participating banks. It is designed to supplement loan collateral of small businesses and entrepreneurs to enhance the equity and/or loan collateral levels of these potential borrowers. The program supplies pledged collateral accounts to participating lending institutions. This program enhances the collateral of individual loans, while providing a source of deposits to lending institutions.
Funding from this program can be used for many business purposes, including, but not limited to:
• start-up costs,
• working capital,
• business procurement,
• franchise fees,
• equipment,
• inventory,
• and the purchase, construction, renovation, or tenant improvements of an eligible place of business that is not for passive real estate investment purposes
Printable Fact Sheet About CSP
List of Participating Banks (Coming Soon)
Information for Lenders