COLLATERAL SUPPORT
WHAT WE DO
Our Collateral Support Program (CSP) helps small businesses secure financing when they have a strong loan application, but lack sufficient collateral. The program strengthens a borrower’s collateral position by placing cash into an account at a participating financial institution, which is then pledged as additional collateral for the loan.
WHO IT'S FOR
Small businesses that may not qualify for financing due to a collateral shortfall, Collateral Support Program partners with Nevada banks and credit unions by providing additional collateral support to help make qualifying loans possible.
We particularly seek to work with lenders which provide small business loans for accounts receivable lines of credit or SBA 504 Bridges. CSP reduces the risk for commercial lenders during the gap period before a permanent SBA 504 is debentured and paid out.
Examples of CSP participation:
- Permanent equipment, machinery and inventory
- Owner-occupied commercial real estate construction (51% for existing building, 60% for new buildings)
- Accounts receivable revolving loans and lines of credit
- SBA 504 Bridge Loans
How it Works
Please reach out to your bank or credit union and complete a loan application, mention the SSBCI Program and ask the financial institution to contact us.
If in the course of the loan application the lender’s analysis shows that the borrower has a collateral shortfall, the CSP can provide up to 80% depending on the loan amount.
Total small business loan application must not exceed $20M and Battle Born Growth’s provided Collateral Support must not exceed $5M.
HOW TO APPLY
Lending Institutions:
Contact us directly if you are interested in partnering with us and participating in the program.
Borrowers:
Reach out to your bank or credit union and complete a loan application, mention the SSBCI Program if a collateral shortfall is identified and ask the financial institution to contact us.
Download Flyer | Program Manager: Flynn Giudici