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
Small businesses that might otherwise be unavailable due to a collateral shortfall. The Program pledges cash collateral accounts to Nevada’s banks and credit unions to enhance collateral coverage of individual loans.
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 provide a maximum amount of $5MM or up to 80% depending on the loan amount, but loan amount cannot exceed $20MM.
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