Cash Collateral Support

About this funding opportunity

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0 Cash Collateral Support Program Summary

The Cash Collateral Support program helps small and medium-sized businesses in Colorado access loans that they would otherwise not get because they do not have enough collateral. This credit enhancement uses small amounts of public resources to encourage private lenders to loan money to businesses. The program provides a cash deposit as collateral for a business loan or credit facility when the business cannot meet the lender’s collateral requirements. One of the goals of this program is to support employee ownership business transitions and financing for employee-owned businesses. For additional resources visit the Office of Employee Ownership.

Lenders can apply for up to 35% of the loan amount or $1,000,000, (for employee ownership, up to 40% or $800,000), whichever is less, in collateral to support business loan applications. There may be further flexibility for certain transaction types, including those that support employee ownership. The maximum loan size is $20 million. Collateral caps may be increased for certain transaction types, including those that support employee ownership.

Benefits to lenders include: low-cost credit enhancement option deposits are held by the partner lender

We along with the Colorado Economic Development Commission (EDC) have provided $15.2 million in funding for this program through federal Small Business Jobs Act of 2010 funds.

The Colorado Housing and Finance Authority(opens in new window) (CHFA) manages this program and is the main point of contact. Overview

Type: Credit enhancement

For: Businesses and lenders

Amount: Up to 35% of the loan amount or $1,000,000, whichever is less (Special use for employee-owned businesses). The maximum loan size eligible for this program is $20 million.

Application deadline: Rolling

OEDIT division: Business Funding and Incentives

Image description: Business testimonial highlighting that Colorado businesses love employee…

Topic areas: Public Policy and Governance, Workforce Development.

Funding amount

This other provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Cash Collateral Support is administered by Colorado Office of Economic Development and International Trade (OEDIT), listed via Colorado Office of Economic Development and International Trade.