COLLATERAL SUPPORT
WHAT WE DO
The collateral support program steps in when borrowers have everything in place to obtain a loan, aside from sufficient assets to pledge as collateral. It enhances the collateral position of borrowers by depositing cash into accounts at participating lending institutions, which will then be pledged as collateral on behalf of the borrower on a transaction-by-transaction basis. The program has been in operation since 2012.
WHO IT'S FOR
A borrower approaches a private lender (such as, a bank) for a commercial loan for a diversification project and the lender’s analysis must show that the borrower has a collateral shortfall. The collateral support program can then provide up to 35% of a collateral shortfall, with a maximum pledge of $2.5M.
How it Works
A borrower approaches a private lender (such as, a bank) for a commercial loan for a diversification project and the lender’s analysis must show that the borrower has a collateral shortfall. The collateral support program can then provide up to 80% of a collateral shortfall, with a maximum pledge of $2.5M.
HOW TO APPLY
Lending institutions should contact us directly if they are interested in participating in the program. Borrowers should complete a loan application with a Nevada financial institution.
Download Flyer | Program Manager: Flynn Giudici